Currently, macroeconomic risks remain the biggest uncertainty factor in the market. Influenced by the Rebound in inflation and the impact of imposed tariffs, the market has generally lowered its expectations for the Fed's interest rate cuts next year, and even some Wall Street institutions have already predicted an interest rate hike starting in the second half of next year. Therefore, the yield on the 10-year Treasury bond has continued to rise against the backdrop of Fed interest rate cuts, surpassing the federal fund Intrerest Rate for the first time in nearly two years. This has formed a clear crowding-out effect on the Liquidity of risk assets #BTC震荡下跌，后续走势如何看待？