CoinMeta data: A report from qcp indicates that Bitcoin has broken through a range to rise to $86,913, an increase of 14.6% from its low on September 15th. The actual market interest rates have risen, while the break-even inflation rate has remained virtually unchanged, reflecting that the rise is not driven by inflation but is influenced by growth expectations, weak Treasury supply, and sluggish auctions. Gold has fallen by 8.5% due to the impact of actual interest rates, while Bitcoin has risen by 12%. This is a concentrated capital flow transaction, and it also has regulatory catalysts as well as favorable technical aspects. In August and September, spot ETF saw inflows of $3.5 billion and $2.6 billion respectively.