EMC Labs: Since March 13, the market adjustment has been basically in place due to the elimination of profit-making chips.

Crypto fund management company EMC Labs posted on the Profit accounting for more than 70% of the total market value of BTC is a key point. Before and after, the selling of large amounts of chips often overdrafted purchasing power in the short term, thus forming a stage adjustment in the market. This cycle is similar to 2017. In 2014, the profit ratio reached 71% on March 6. The adjustment started on March 24 and ended on March 24, which lasted 18 days, with a range of -27.32%. This adjustment lasted for 7 days from March 13 when the profit ratio reached 72% to the 20th, with a range of -27.70%. From a space perspective, it is basically in place, but from a time perspective, it is not yet sufficient. According to EMC Labs engine monitoring, the peak of chip selling has passed, the current inflow scale of exchanges (planned sales) has significantly reduced, and static outflows have resumed. Based on the above, the bull market is still continuing and a good buying point has emerged.