The NYSE will use Avalanche to settle tokenized stocks, while Goldman Sachs, Citi and others have pledged about $270 million to a joint stablecoin project
Institutional moves are commonly interpreted in three ways:
① Allocation: Allocated quarterly, with little attention to short-term price movements;
② Rebalancing: Adjusting portfolio proportions, which does not necessarily indicate a bearish outlook;
③ Arbitrage: A short-term play that can come and go quickly.
There isn't much information this time, so let's add it to the watchlist for now.
$AVAX is currently at 8.383, down 0.14% over 24h. Don't focus on a single piece of news; trends are what matter.