Wintermute stated that the 10-year US Treasury yield exceeding 5% did not trigger safe haven sentiment, with cryptocurrency assets leading the gains. Brent crude oil prices are close to $103 per barrel, and if oil prices remain around or above $100 per barrel, market expectations for a rate hike in October will remain high. The BTC weekly line has reached the 50 week moving average for the first time, with $82500 as the key observation level. If it stabilizes, it will consolidate the breakthrough foundation, otherwise falling below it will affect the effectiveness of the breakthrough. The proportion of BTC market is increasing, and institutional option trading is increasing with year-end call allocation.
