Utkarsh Ahuja, founder and managing partner at Moon Pursuit Capital, stated that global liquidity could be a more significant driver for crypto markets in September than the Federal Reserve's next rate decision. He anticipates crypto could enter a period of volatility or consolidation next month, but believes any pullback would serve as a positioning reset, potentially setting the stage for a stronger bullish phase in Q4. Ahuja emphasized that monetary policy, inflation, global money supply, credit creation, and financial conditions are increasingly crucial for risk assets, with crypto being particularly sensitive due to its global, 24/7 trading nature.