EMC Labs, a prominent 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. The assessment conducted by EMC Labs is based on multiple influential factors, including monetary expansion, adjustments in the U.S.
stock market, internal market structure, and on-chain activities. This comprehensive analysis underscores that three out of the four major global central banks have adopted monetary easing policies, leading to a continuous rise in global asset prices. The analysis highlights that the U.S. stock market had already priced in this year's interest rate cuts since last year.
This strategic positioning has resulted in notable volatility around the time of the rate cuts. With the adjustments now largely complete, the market is beginning to ascend steadily, alleviating the pressure on BTC ETF prices. During the adjustment period, over $37.8 billion in funds flowed into the market, effectively 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 now reached 0.75. This level is significant as it indicates that BTC has entered a moderate expansion phase concerning distribution structure and on-chain activities. Nevertheless, amidst positive indicators, the biggest concern that looms is whether the U.S.
economy will experience a 'hard landing.' This uncertainty could lead to unforeseen challenges in the crypto market. Looking forward, EMC Labs predicts that in the second half of the bull market, altcoins will outperform BTC. This is an exciting development for investors as the focus will shift toward blockchain infrastructure and Web3 applications, which represent key directions for industry development.
These applications are expected to possess both technological and model innovations, boast user acquisition capabilities, and feature token-friendly models. Investors should keep a close eye on these trends as they navigate the evolving landscape of cryptocurrency..