TechFlow reported on October 14, according to Oriental Daily, Victory Securities' Deputy Chief Operating Officer Zhou Lele published an analysis report stating that the virtual asset market continued its slight volatility from last week, with Bitcoin and Ethereum showing mixed performance, while small-cap tokens (Altcoins) are recovering.
Zhou Lele noted that last week, Bitcoin spot ETFs saw net inflows of approximately $3.08 billion, while Ethereum ETFs recorded net inflows of about $5 million. In terms of on-chain activity, short-term holders are gradually accumulating, potentially signaling the imminent start of a recovery phase. Notably, MicroStrategy, a stock closely tied to virtual assets, hit a new high, and trading volume in its 2x leveraged ETF has been steadily increasing.
The report also pointed out heightened investor enthusiasm for MEME tokens, reflecting rising risk appetite. However, investors show greater preference for trading high-payout derivatives rather than the underlying assets themselves. Zhou Lele believes the virtual asset market may need to wait for wealth effect spillovers from global equities markets to increase its market share.
