Odaily Planet Daily News, Zhou Lele, Deputy Chief Operating Officer of Victory Securities, pointed out in his analysis that the virtual asset market continued to experience slight fluctuations in trend last week, with head assets such as Bitcoin and Ethereum showing hesitation, but high-odds Altcoins are emerging from the downtrend channel. Approximately $3.08 billion flowed into the off-exchange BTC ETF last week, and approximately $5 million flowed into the off-exchange ETH ETF; the weak balance within the market was broken, with short-term holders gradually increasing their holdings, potentially signaling the start of a recovery phase. Shadow stock MicroStrategy reached a new high, and its double Long ETF Trading Volume is gradually expanding. Investment in meme tokens within the market is heating up, with a preference for bullish market risk, but the desire to trade high-odds derivative products is stronger compared to the assets themselves. The virtual asset market may need to wait for the wealth effect overflow from the global stock market, which could increase its market share. (Dongfang Network)
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Victory Securities: BTC slowly rises waiting for the overflow effect
Odaily Planet Daily News, Zhou Lele, Deputy Chief Operating Officer of Victory Securities, pointed out in his analysis that the virtual asset market continued to experience slight fluctuations in trend last week, with head assets such as Bitcoin and Ethereum showing hesitation, but high-odds Altcoins are emerging from the downtrend channel. Approximately $3.08 billion flowed into the off-exchange BTC ETF last week, and approximately $5 million flowed into the off-exchange ETH ETF; the weak balance within the market was broken, with short-term holders gradually increasing their holdings, potentially signaling the start of a recovery phase. Shadow stock MicroStrategy reached a new high, and its double Long ETF Trading Volume is gradually expanding. Investment in meme tokens within the market is heating up, with a preference for bullish market risk, but the desire to trade high-odds derivative products is stronger compared to the assets themselves. The virtual asset market may need to wait for the wealth effect overflow from the global stock market, which could increase its market share. (Dongfang Network)