**Crypto Market Update: Bitcoin Eyes New Liquidity Boost Despite China's Economic Moves**

Bitcoin and the broader crypto market might see fresh liquidity soon, even as China halts its economic stimulus. Trading firm QCP Capital predicts a "capital reallocation" to crypto, despite recent dips.

- **BTC Price Action**: Bitcoin slipped below $62,000 on Oct. 7, influenced by geopolitical tensions and China's economic stance. US stock futures also declined.

- **Market Outlook**: QCP Capital remains optimistic, expecting crypto to benefit from capital shifts as China's rally fades. They foresee near-term risks for equities but a medium-term positive trend for crypto.

- **US Dollar Impact**: The US dollar index rose, typically a challenge for crypto, prompting caution among traders.

Stay tuned for more updates as the market evolves.