Victory Securities: BTC Slow Rise Waiting for Overflow Effect

Jinse Finance reported that Zhou Lele, Deputy Chief Operating Officer of Shengli Securities, analyzed and pointed out that the virtual asset market continued to fluctuate slightly last week. Head assets such as BTC and ETH were swaying and entangled, but high-odds Altcoins are recovering from the downward trend. Off-exchange BTC ETFs saw an inflow of approximately $3.08 billion last week, while ETH ETFs saw an inflow of approximately $5 million. The weak balance in the market has been broken, and short-term holders are gradually increasing their positions, indicating that the recovery phase may be about to begin. Virtual asset shadow stock MicroStrategy has reached a new high, and the trading volume of its double long ETF has also gradually expanded. In the market, there is a hot investment trend in memes, indicating a preference for high-risk appetite. However, compared to the assets themselves, there is a stronger willingness to trade high-odds derivative products. Virtual assets may need to wait for the wealth effect overflow from the global stock market in order to increase their market share.