There has also been talk of a recent squeeze called Santa Claus, a phenomenon that could occur at the end of the year, triggering a sharp rise in Bitcoin. The issuance of US Treasuries has decreased in the last three quarters, and the market's previous forecast was that the US will continue to issue Treasuries at the same pace, but now the pace of issuance has slowed, which will lead to a decrease in supply, which will reduce the pressure on interest rates to rise, which may lead to a decrease in interest rates, which will drive the performance of risk assets. Fed Chair Jerome Powell said that the probability of a future rise in federal interest rates is low, which means that the market's concerns about rising interest rates have eased.