Victory Securities: BTC slow rise waiting for overflow effect

Odaily Planet Daily News According to Zhou Lele, Deputy Chief Operating Officer of Shengli Securities, the virtual asset market has continued to fluctuate slightly last week, with leading assets such as BTC and ETH showing swings and entanglements, but altcoins with high odds are recovering from the downward trend. Last week, the BTC ETF saw a net inflow of approximately $3.08 billion, while the ETH ETF saw a net inflow of approximately $5 million; the weak balance in the spot market was broken, and short-term holders gradually increased their positions, indicating that the recovery phase may begin. The shadow stock of virtual assets, MicroStrategy, reached a new high, and the trading volume of its double-long ETF has gradually expanded. Investment in meme coins in the spot market is hot, indicating a preference for high-risk assets, but the desire to trade derivative products with high odds is stronger than that for the assets themselves. The virtual asset market may need to wait for the wealth effect overflow from the global stock market to increase its market share. (East Net)