【11.10 Evening Recap | Today’s Three Main Themes】

📉 Miner selling pressure: $MARA has sold 40,581 BTC so far this year (about $3.02 billion, at an average price of $74,446), and still has around 20,000 BTC to sell, keeping short-term supply pressure elevated.

🏦 Wall Street moves on-chain: The NYSE announced it will use $AVAX to build a clearing and settlement layer for tokenized securities, enabling 24/7 trading. Staking ETFs have also debuted on Nasdaq, heating up the RWA narrative across the board.

🛡️ Security alert: Initia L1 urgently halted operations after its custody keys were leaked, and about 605,000 USDC was stolen and transferred. Beware of phishing links.

💧 ETF flows: Spot BTC ETFs saw net outflows of $201 million in a single day, while ETH ETFs saw $185 million in outflows. But BlackRock disclosed that whales are converting self-custodied BTC into IBIT at a record pace (about $3.6 billion)—this is a custody transfer, not new capital.

🇰🇷 South Korea today: Upbit and Bithumb both listed $HYPE , sending excitement through the roof.

The main themes are clear: institutions are accelerating their move on-chain, while miners and ETFs are adding short-term selling pressure. Stay cautious, but there’s no need to be pessimistic.

NFA | DYOR

#比特币 #加密货币 #Hyperliquid #RWA #币安广场