Vitória Securities: BTC Slow Rise Waiting for Overflow Effect

A Golden Finance report pointed out that the virtual asset market continued to fluctuate slightly last week, with head assets such as BTC and ETH wavering and hesitating, but altcoins with high odds of loss are recovering from the downward trend. Last week, about $3.08 billion flowed into the off-market BTC ETF, and about $5 million flowed into the ETH ETF; the weak balance in the market was broken, and short-term support gradually increased, possibly opening the recovery phase. MicroStrategy, a virtual asset shadow stock, hit a new high, and the trading volume of its ETF, which is twice as long, has gradually expanded. The market’s risk appetite for investing in memes is rising, and the preference for trading high-odds derivative products is stronger than that for the assets themselves. Virtual assets may need to wait for the wealth effect overflow of global stock markets to increase market share.