NYSE Picks Avalanche for Tokenized Stock Settlement

Welcome back to The Warmup.

Happy Monday! Here's to another week of market volatility.

Here’s what we’re watching:

• Market Snapshot

• NYSE Picks Avalanche for Tokenized Stock Settlement

• BTC Liquidity Sweep Play

• Bitcoin Breaks 50-Week Average After $1B in Liquidations

• Calendar

Market: Equities are rallying, led by the Nasdaq, while crypto remains under pressure. Gold is up and the VIX is down sharply.

NYSE Picks Avalanche for Tokenized Stock Settlement

What’s going on:

The NYSE selected Avalanche to power the settlement layer for its planned 24/7 tokenized securities platform. The platform aims to support round-the-clock trading and settlement of tokenized U.S. stocks and ETFs, pending regulatory approval, with a target launch in Q4.

NYSE will keep its existing trading engine, while Avalanche handles onchain settlement. Tokenized shares represent real stocks, carrying the same economic rights as traditional shares.

What it means:

This is another sign that Wall Street is moving beyond experimenting with blockchain and starting to use it for real market infrastructure. If successful, stocks could eventually trade and settle around the clock, bringing more traditional capital onto crypto rails.

It's still early, and regulatory approval is a key hurdle, but Avalanche just landed a meaningful institutional use case.

BTC Liquidity Sweep Play

What’s going on:

Bitcoin is trading near $74,620, below the 200-day EMA (~$76,440) and under the $75k level that previously acted as support. One path is that failure to reclaim $75k keeps conditions soft into early 2027.

The other is that the move under $75k swept liquidity to trap longs. A reclaim with bullish closes would open a path toward $87k by year-end.

Key levels we’re watching:

• Support: $73,600–$74,000

• Resistance: $75,000 reclaim, then 200-day EMA near $76,440

• Upside target: $87,000

• Breakdown risk: Close below $73,600 invalidates the setup

Directional Bias: Cautiously bullish

What we’re waiting for:

• Reclaim of $75k with bullish candle closes

• Confirmation the sweep trapped shorts

• Tight risk around $73,600–$75,000

This week decides it. Reclaim $75k and the swing toward $87k is in play. Fail to reclaim and the path stays lower into early 2027.

Bitcoin Breaks 50-Week Average After $1B in Liquidations

What’s going on:

Bitcoin closed below its 50-week moving average for the first time in eight weeks and briefly fell below $74,000. Crypto liquidations topped $1.15 billion in 24 hours, including $309 million in Bitcoin and over $500 million in Ether.

Meanwhile, Strategy bought another 1,036 BTC for $82 million, bringing its total holdings to 850,364 BTC.

What it means:

The market is still in risk-off mode, with ETF outflows and political uncertainty adding pressure. Breaking the 50-week average doesn't guarantee further downside, but it puts another key support level in question.

Strategy continues buying despite the pullback, but leveraged traders are getting forced out. In this kind of market, managing leverage and keeping enough room for further downside matters more than trying to catch the bottom.

Key Events this Week

Major token unlocks:

• Pump (PUMP): $25M unlock on Nov 11

• Connex (CONX): $14–17M unlock on Nov 14

• Arbitrum (ARB): $17M unlock on Nov 15

Macroeconomic data calendar:

Tue (Nov 10):

• October CPI Inflation Data: Core measure of price growth → critical for gauging Fed policy direction. Higher CPI = higher inflation pressures.

Thu (Nov 12):

• Weekly Initial Jobless Claims: Tracks new unemployment filings → rising claims signal labor market softening.

Fri (Nov 13):

• October PPI (Producer Price Index): Wholesale price changes → leading indicator for consumer inflation pressures.

Major Earnings Releases:

• Mon (Nov 9): Rocket Lab, Take-Two, MARA Holdings, AST SpaceMobile, Hims & Hers

• Tue (Nov 10): CoreWeave, Sea Ltd, Bitdeer, Rigetti

• Thu (Nov 12): Cisco, Applied Materials

• Bitcoin loses 50-week moving average as 24-hour crypto long liquidations top $1B

• 'Connecting the dots': Michael Saylor's Strategy buys another 1,036 bitcoin for $82M as holdings top 850,000 BTC

• Formation notifies SEC to operate first tokenized securities venue on Solana

Bitcoin just posted its fifth straight losing week, broke below its 50-week moving average and triggered more than $1 billion in liquidations. Spot Bitcoin ETFs also flipped negative for the year after $1.28 billion in weekly outflows. Meanwhile, regulatory uncertainty is growing after the midterms, but the NYSE picked Avalanche for its tokenized stock settlement platform and Strategy added another 1,036 BTC.

The two stories operate on different timelines. Liquidations and ETF flows can turn quickly, while infrastructure investments and corporate accumulation take years to play out.

The takeaway: price weakness doesn't mean infrastructure progress has stopped. For investors, the key is to avoid confusing short-term market pressure with long-term adoption, while keeping enough room for Bitcoin to test the $73,000 area again.

— The Warmup Team

Always do your own research. This newsletter is supplemental material to help educate readers as they make their own decisions. Projects mentioned here are provided to give a potential early-mover advantage.