EMC Labs: Welcoming the largest single-week capital inflow in 2024, the second half of the crypto bull market kicks off

The encrypted fund management agency EMC Labs stated in this week's "EMC Bitcoin Weekly Observation" that with the conclusion of the U.S. election, the U.S. stock market has seen a significant rise. Traders are betting on increased certainty of American corporate profits under tax cuts and low-interest rate environments, predicting that U.S. stocks will continue to climb in the medium to long term. Against this backdrop, BTC ETFs saw a weekly inflow of $1.728 billion, while later stablecoin channels had a weekly inflow of $4.776 billion, totaling an inflow of $6.504 billion - setting a record for the largest single-week inflow since 2024.

Last week, BTC broke through new highs in its consolidation area at $73,000 and resistance from its upward trend line at $75,000; returning to its upward trend line after eight months signifies the official start of the second half of crypto bull market season. Influenced by this development, ETH achieved a weekly increase of 29.52%, and various Altcoins also recorded substantial gains.

EMC Labs' eMerge Engine's BTC Cycle Metrics indicator shows as 0.875 indicating that we're currently in an uptrend period showing robust growth status. Driven by strong liquidity momentum it is expected that BTC will continue to climb and Altcoins will also welcome widespread bullish trends.