The market now estimates a 29.3% probability that the Federal Reserve will raise interest rates by 25 basis points at its October 28 meeting, up from 17.7% a week ago.

The Probability of a Fed Rate Hike in October Surges
This indicates that the market is beginning to worry about a rebound in inflation and another spike in interest rates.
Highly leveraged funds speculating on AI infrastructure are being forced to cut their losses and exit early.
In plain English:
If inflation cannot be brought under control, BTC and U.S. stocks may remain under pressure;
If rate hike expectations cool, a rebound may instead be on the way.