QCP Capital pointed out that after over $1.7 billion in leveraged positions were liquidated yesterday, the crypto market is showing signs of stabilization, as it digests one of the largest liquidation events of the year. The Altcoin Season Index dropped from nearly 100 to 65, while Bitcoin's market dominance rose to 57% and ETH's share fell to 12%, indicating a flow of funds back to BTC. Historical data shows that October is typically one of the strongest months for BTC, with strong demand for 120k–125k call options. If Powell's speech this week and core PCE data indicate that inflation is under control, it could serve as a liquidity catalyst for BTC to break out in Q4.