According to PANews, EMC Labs, a crypto fund management institution, has released a detailed analysis on the X platform, indicating that the six-month adjustment period in the crypto market has concluded, and the bull market is set to resume its second half. EMC Labs' assessment is based on multiple factors, including monetary expansion, adjustments in the U.S. stock market, internal market structure, and on-chain activities. The analysis highlights that three out of the four major global central banks have adopted monetary easing policies, leading to a continuous rise in global asset prices.
EMC Labs notes that the U.S. stock market had already priced in this year's interest rate cuts since last year, resulting in significant volatility around the time of the rate cuts. With the adjustments now largely complete, the market is beginning to climb steadily, alleviating the pressure on BTC ETF prices. During the adjustment period, over $37.8 billion in funds flowed into the market, absorbing selling pressure and raising the short-term cost price of BTC to around $64,000. According to EMC Labs' proprietary engine, eMerge, the cycle index has reached 0.75, indicating that BTC has entered a moderate expansion phase in terms of distribution structure and on-chain activities. However, the biggest concern remains whether the U.S. economy will experience a 'hard landing.'
EMC Labs also predicts that in the second half of the bull market, altcoins will outperform BTC. The focus will be on blockchain infrastructure and Web3 applications that represent industry development directions, possess technological or model innovations, have user acquisition capabilities, and feature token-friendly models.
