QCP: The macro space continues to look more and more bullish for risk assets, including crypto. We believe more easing is coming from the PBoC, and they have communicated as much. Combined with the Fed joining the global cutting cycle, all major central banks (except BoJ) are now ready to inject more liquidity into the market. While there is currently a lack of idiosyncratic crypto factors driving prices, the stars are aligning in the macro environment, which could drive crypto prices higher.