Bitcoin and Ethereum faced significant declines last week, resulting in over $1.7 billion in liquidations. Despite this volatility, QCP Capital, a Singapore-based firm, remains optimistic about Bitcoin's prospects. The firm notes that markets are stabilizing and anticipates a bullish October, historically a strong month for Bitcoin. QCP Capital analysts highlight robust institutional demand and active call options in the $120,000 to $125,000 range. They also identify upcoming events, such as Fed Chair Jerome Powell's speech and PCE data release, as potential market catalysts.