Victory Securities: Bitcoin rises slowly and waits for spillover effects

Zhou Lele, deputy chief operating officer of Shengli Securities, pointed out in an analysis that the virtual asset market continued last week's trend with slight fluctuations. Head assets such as Bitcoin and Ethereum are wavering and tangled, but Altcoins with higher odds are recovering and moving out of the downward channel. The over-the-counter Bitcoin ETF inflow last week was about US$3.08 billion, and the Ethereum ETF inflow was about US$5 million; the weak balance in the market was broken, short-term holders gradually increased their holdings, and the recovery phase may begin. Virtual asset shadow stock MicroStrategy hit a new high, and its two-fold long ETF trading volume also gradually expanded. The market is hot for investment in meme coins, and the market risk appetite has increased, but compared with the assets themselves, the willingness to trade high-odds derivatives is stronger. Virtual assets may need to wait for the wealth effect of global stock markets to overflow and increase market share. (East Net)