EMC Labs: February rose by 43.79%, and the short-term pricing power of BTC has shifted to Wall Street

ChainCatcher news, the crypto fund management company EMC Labs released a report in February 2024 titled "The Birth of the Fifth Round of the Crypto Asset Bull Market." The report points out that: in February, BTC rose by 43.79% in a single month, marking the largest monthly increase since 2023. From the perspective of stablecoin inflow scale and technical indicators, the driving force behind the violent surge mainly comes from ETF channel funds. EMC Labs believes that the market structure of BTC is undergoing a historic change, with its short-term price power having shifted to financial institutions on Wall Street. The strong price increase this month is a manifestation of this transfer of power.