According to CoinWorld, VanEck Research Director Matthew Sigel stated that the protective demand in the current Bitcoin derivatives market has risen to the 99th percentile in history, which is often seen as a contrarian bullish signal during extreme risk-averse market sentiment. He also believes that the current stage is suitable for establishing long positions. Matthew Sigel also pointed out that the VanEck Digital Transformation ETF (NODE) he manages has increased by 27% since its inception, while Bitcoin has fallen by 33% during the same period, achieving lower volatility through diversified allocation and focusing on profitable sectors. However, he also warned that if corporate capital expenditures in artificial intelligence do not generate corresponding returns, it could pose substantial pressure on the market, especially given the concentration of weights in S&P 500 components.