CEX outlook for the second half of the crypto market focuses on three major themes, expecting Bitcoin to maintain its pump trend.

On June 13, CEX recently released a research report looking forward to the three major themes of the crypto market in the second half of the year as follows: 1. Improved macro outlook: the risk of recession in the United States has decreased significantly, and the overall growth momentum has increased; 2. Enterprises use crypto as a means of asset allocation: although it may bring systemic risks in the long run, it will form a strong demand side in the short term; 3. The regulatory path is becoming clearer: In particular, the legislative progress of stablecoins and crypto market structure will profoundly affect the development of the crypto ecosystem. Bitcoin is expected to maintain its upward trend despite the risks, the report said. The performance of altcoins, on the other hand, may be more dependent on individual factors. For example, the SEC is considering a number of ETF applications involving "physical subscription redemptions", pledges, funds of funds, and single altcoin ETFs, all of which are expected to be adjudicated by the end of 2025, and these decisions could reshape the market structure.