CoinShares reported on October 8 that digital asset fund inflows slowed significantly this week, with cumulative inflows of approximately $11.1 billion since mid-July. Meanwhile, the US 10-year government bond yield has risen above 5.3%, and the 30-year yield has climbed to 5.7%, both near multi-decade highs. Following weaker-than-expected September jobs data, the market's implied probability of a rate hike in October has fallen to 23% from 71% three weeks ago. CoinShares believes that the bond market could become a more significant driver than Federal Reserve policy. If rising long-term yields reflect concerns about US fiscal sustainability more than robust economic growth, Bitcoin might be viewed as an alternative to government-issued currency. Fund flows have not yet clearly reflected this view, and the coming weeks will be a key indicator to watch.