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As investors reassess the impact of Strategy (MSTR.US) adjusting its financing strategy, the market is concerned that one of the largest corporate holders of Bitcoin may not continue to purchase Bitcoin on a large scale in the future, putting pressure on the cryptocurrency market.

This previously unimaginable move could be disrupted by a series of economic data. The probability of an interest rate hike at next month's policy meeting remains relatively low, with interest rate swaps currently pricing in about 9 basis points of increases—equivalent to an approximately 36% chance of a 25 basis point hike. Nevertheless, this probability has risen significantly; before the new Federal Reserve Chairman, Kevin Walsh, shifted the focus to price stability, the probability was nearly zero. Since the policy meeting on June 17, open interest in August federal funds futures—which measures the scale of new trading positions held by investors—has risen rapidly. The swift accumulation of new positions is broadly skewed toward the sellers, indicating traders are shorting the contract; if the probability of a rate hike continues to rise, these positions will benefit. Even if options traders previously sought to hedge against the rate hikes already priced into the market, these bets have been increasing. These bets may face a test as early as Thursday, when labor market data will be released. Any signs of weakening employment growth could reduce the chance of a July rate hike, putting the newly established short positions at risk.

The executive pointed out that the global attention and consumer enthusiasm brought by the World Cup have injected new vitality into the brand, driving strong sales of products, especially football-related categories and sports lifestyle series. Market analysis suggests that large sports events are often key catalysts for sports brands to boost their performance, and Nike's rebound this time demonstrates the effectiveness of its brand influence and marketing strategies. Despite uncertainties in the macroeconomic environment, Nike is expected to maintain growth momentum in key markets by leveraging its top-level sports marketing resources.