CRYPTO MARKET MIXED AS PAYFI AND DEFI TOKENS LEAD GAINS; UNI SOARS 45% WHILE ETHEREUM DIPS BELOW $3,600

The global crypto market showed a mixed performance over the past 24 hours, with gains in certain sectors balancing out declines in others. While Bitcoin remained relatively stable, tokens linked to decentralized finance (DeFi) and payment finance (PayFi) saw strong momentum, largely driven by a sharp rally in Uniswap (UNI).

PayFi and DeFi Tokens Outperform as UNI Surges

PayFi and DeFi sectors led the market higher, gaining 3.96% and 3.86%, respectively. The rally was fueled by Uniswap (UNI), which soared more than 45% following a new governance proposal aimed at introducing protocol fees and revising its token incentive model.

This development reignited optimism across the DeFi ecosystem, as traders viewed it as a potential step toward improving long-term token value and sustainability. The news also highlighted growing investor interest in decentralized finance despite broader market caution.

Bitcoin Holds Steady, Ethereum Slips

Bitcoin maintained stability near the $105,000 mark, showing minimal movement after a week of mixed trading sessions. Ethereum, however, saw mild selling pressure, slipping almost 2% and briefly falling below $3,600.

Analysts noted that Bitcoin’s resilience is partly due to steady institutional demand through spot ETFs and the absence of major macroeconomic shocks. Ethereum’s decline, on the other hand, reflected mild profit-taking after recent gains and lingering concerns over gas fees and network upgrades.

RWA and Meme Tokens Show Selective Strength

Real-world asset (RWA) tokens posted modest gains, signaling continued interest in blockchain projects connected to tangible asset classes. Meanwhile, the meme coin sector saw selective strength, led by TRUMP, which outperformed most of its peers.

Infrastructure Tokens Face Mixed Momentum

Infrastructure-related tokens showed a more uneven trend. Layer 2 networks recorded slight losses overall, though Starknet managed to outperform with solid inflows. Layer 1 and CeFi tokens also dipped slightly, though a few names like HBAR and CRO managed to buck the trend with minor gains.

Bitcoin Whales Selling as ETF and MSTR Flows Drive Sentiment

According to CryptoQuant CEO Ki Young Ju, Bitcoin whales have sold billions worth of BTC since prices surpassed $100,000. He noted that the bull cycle likely peaked earlier this year but emphasized that strong inflows into spot Bitcoin ETFs and MicroStrategy’s continued accumulation have helped the market avoid a deeper correction.

Ju warned that if these inflows slow, selling pressure from large holders could intensify, potentially signaling a short-term top. Still, he suggested that investors with a long-term macro outlook may find current price levels attractive for strategic accumulation.

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TeraWulf Posts Strong Q3 Results on Higher BTC Prices

U.S.-based Bitcoin mining company TeraWulf reported a strong third quarter, with revenue jumping 87% year-over-year to $50.6 million. Of this total, $43.4 million came from digital asset operations.

Although the company mined 377 BTC during the quarter—down from 555 BTC in the same period last year — higher Bitcoin prices helped offset the drop in production. TeraWulf attributed its revenue growth to both expanded mining capacity and advancements in its AI-focused high-performance computing (HPC) leasing business.

Bitwise BITB Leads Bitcoin ETF Inflows; Solana ETFs Stay Strong

Data from SoSoValue showed that U.S. spot Bitcoin ETFs recorded total net inflows of $1.15 million on November 10 (ET). Notably, Bitwise’s BITB was the only fund to post positive flows during the day. Ethereum spot ETFs, in contrast, saw no inflows during the same period.

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Meanwhile, Solana spot ETFs continued their impressive run, attracting $6.78 million in net inflows—marking their 10th consecutive day of gains. This consistent demand reflects rising institutional confidence in Solana’s growing ecosystem and its position as one of the leading blockchain networks for scalability and speed.

Market Outlook

Overall, the crypto market remains in a consolidation phase, with sector-specific movements shaping daily trends. Analysts suggest that as long as ETF inflows remain steady and Bitcoin holds above key psychological levels, broader sentiment is likely to stay positive.