Wu Shuo learned that CoinShares pointed out in its market report on October 23 that Bitcoin has performed relatively well in the volatility of risk assets this week, mainly supported by the rebound in spot demand, improvement in US stock sentiment, and short covering. The US housing market has clearly weakened, with a 5.2% decrease in new home construction in September and a 7.3% decrease in the sales index of unsold homes, hitting a historic low. However, CPI and PPI remain high. As of October 20th, Polymarket and CME have expected a probability of approximately 12% and 17%, respectively, for a 25 basis point rate hike by the Federal Reserve in October, with a probability of nearly 83% for a rate hike in December. CoinShares believes that Bitcoin is still highly sensitive to interest rate expectations, and an unexpected interest rate hike in October may have a greater impact than the expected December rate hike in the market. https://www. (wublock123.com)/news/coinshares-bitcoin-supported-by-spot-demand-and-short-covering-oct-rate-hike-impact-70605