Bitcoin rises to $86913, driven by cash flow

The QCP report points out that Bitcoin broke through the range and rose to $86913, up 14.6% from the low on September 15th. The real interest rate of the market rose and the breakeven inflation rate was almost unchanged, reflecting that the rise was not driven by inflation, but was affected by growth expectations, weak supply of treasury bond bonds and auctions. Gold fell 8.5% due to the impact of real interest rates, while Bitcoin rose 12%. This belongs to centralized fund flow trading, and the underlying asset has both regulatory catalysts and favorable technical aspects. Spot ETFs inflow $3.5 billion and $2.6 billion in August and September, respectively.