According to TechFlow, EMC Labs tweeted that the recent big sell-off was only the first wave of sell-off in the bull market. As long-term investors return to the accumulation state, the market selling pressure will decrease, and the market will pick up the momentum and continue to rise after funds flow back in.

The end of the high interest rate environment of the US dollar is likely to occur in the second half of this year. Therefore, although market confidence is currently low and trading is light, it is still optimistic that BTC is likely to start the market early in the fall.

Earlier on June 25, EMC Labs reported: BTC’s mid-term adjustment is likely to have ended, and the market rebounded at $58,400.