QCP's 2026 Q3 digital asset outlook highlights that the core issue for the crypto market is not deteriorating fundamentals but a lack of new liquidity drivers. Bitcoin is expected to fluctuate between $60,000 and $75,000. The market remains under pressure due to Federal Reserve policy uncertainties, high real interest rates, and weak ETF fund flows. While the AI sector continues to attract institutional funds, Bitcoin is still considered a high-beta liquidity asset. Corporate demand for Bitcoin reserves provides long-term support, but the market is more focused on financing capabilities rather than holding sizes. QCP advises maintaining core Bitcoin positions, controlling leverage, and monitoring ETF fund flows, stablecoin supply, and changes in real interest rates.