Recently, the crypto fund management company EMC Labs released a December report "The price of BTC may fluctuate violently in January, and we should stay calm and wait for the fifth round of bull market."
The report pointed out that in 2023, stablecoin outflows will be as high as $9 billion throughout the year, but the trend began to change in the fourth quarter. In October, USDT saw a substantial inflow of US$1.4 billion, resulting in a net inflow of US$800 million for stablecoins that month, which directly prompted BTC to break away from the box suppression and return to the upward channel during the repair period. Afterwards, under the continuous inflow in November and December, BTC finally broke through the upper edge of the upward channel during the repair period, showing a trend of breaking the trend during the repair period.
Among them, stablecoin inflows were US$800 million in October, US$3.5 billion in November, and US$1.3 billion in December. EMC Labs believes that the positive inflow of stablecoins for three consecutive months indicates that stablecoins have entered a bull market. The establishment of a stablecoin net inflow trend will drive the fifth round of the crypto asset bull market to officially begin in 2024.