Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin's future despite a recent liquidity shock that saw prices dip to $107,500 on October 10. Novogratz emphasized that the market's core structure is intact and that the deleveraging event has reduced systemic risk. He noted that order-book depth is improving and Bitcoin's consolidation above key support levels suggests potential for a price rebound. Novogratz also pointed to potential regulatory clarity from upcoming Senate legislation as a factor that could bolster Bitcoin's status as an alternative store of value. This legislative development may provide a more stable environment for Bitcoin's growth and adoption.