Zhou Lele, deputy chief operating officer of Victory Securities, wrote an analysis saying that the virtual asset market continued to fluctuate slightly last week, with head assets such as Bitcoin and Ethereum swaying and torn, but Altcoin, which has high odds, is recovering and coming out of the downward channel. The OTC Bitcoin ETF flowed into about $3.08 billion last week, and the Ethereum ETF flowed into about $5 million; the weak balance in the market was broken, and short-term holders gradually increased their holdings, and the recovery stage may begin. Virtual asset shadow stock MicroStrategy reached a new high, and its double-long ETF turnover also gradually expanded. The market investment in MEME coins is hot, and the market risk appetite is rising, but compared with the asset itself, the willingness to trade high-odds derivatives is stronger. Virtual assets may need to wait for the wealth effect spillover of the global stock market to increase market share.