QCP analysis pointed out that institutional demand continued to grow, and the spot Bitcoin ETF recorded another $350 million in inflows yesterday, and MARA Holdings, following MicroStrategy, also purchased $618 million worth of Bitcoin in the past two months. Several cryptocurrency mining companies, including Riot Platform, are gradually inclined to suspend the sale of Bitcoin, and some companies are even considering expanding their holdings. In addition, there are reports that Microsoft is planning to purchase Bitcoin, which further highlights the company's interest and recognition of Bitcoin as a reserve asset. The S&P 500 index has hit a record high for the 54th time this year. At the same time, several Federal Reserve members expressed their preference to lower borrowing costs at the next meeting, but the specific decision will still depend on the upcoming economic data. This news may increase market volatility during the event window period.

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