According to PANews, EMC Labs, a crypto fund management institution, has published an analysis on the X platform suggesting that the six-month adjustment period in the crypto market has come to an end, paving the way for the resumption of a bull market. This assessment is grounded in various factors, including monetary expansion, adjustments in the U.S. stock market, the internal market structure, and on-chain activities. EMC Labs highlights that three of the four major global central banks have implemented monetary easing policies, which have contributed to a steady increase in global asset prices.

The analysis notes that the U.S. stock market has already factored in this year’s anticipated interest rate cuts, leading to notable volatility during the announcement period. With the adjustments largely complete, the market is now on a steady upward trajectory, easing the pressure on Bitcoin (BTC) ETF prices. During the adjustment phase, over $37.8 billion flowed into the market, absorbing selling pressure and elevating the short-term cost price of BTC to approximately $64,000. EMC Labs’ proprietary engine, eMerge, indicates that the cycle index has reached 0.75, signifying that BTC is entering a moderate expansion phase in terms of its distribution structure and on-chain activities. However, concerns remain about the potential for a ‘hard landing’ in the U.S. economy.

Looking ahead, EMC Labs anticipates that altcoins will outperform BTC in the second half of the bull market. The focus will shift towards blockchain infrastructure and Web3 applications, particularly those that demonstrate industry-relevant developments, technological innovations, user acquisition capabilities, and token-friendly models.