EMC Labs: The encrypted asset market is entering the bull market warm-up stage, with ETH strength surpassing BTC
The encryption fund management company EMC Labs released a long article on the X platform, stating that the cryptocurrency market has entered the "bull market" warm-up stage. The price of BTC is beginning to be dominated by funds entering through ETF channels, and industry capital within the market is starting to shift towards ETH, with ETH's strength surpassing BTC in the past 90 days. EMC Labs has observed continuous outflows of ETH from centralized exchanges over the past year, moving into Staking, Layer2, and lending platforms. Since 2024, Ethereum users and fundamental factors such as value capture have been continuously improving. Ultimately, the "flywheel effect" of ETH (staking, usage, burning) will drive a reversal in the ETH/BTC trading pair. Following the ICO frenzy in 2018 and application verification in 2021, the ETH/BTC trading pair is now entering a new upward cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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