Crypto Morning Brief April 6 | Institutions scoop up while retail investors flee | HYPE faces massive unlock | Sei kicks off EVM migration TL;DR (Too Long; Didn't Read): 1. Whale vs. Retail: Institutional investors accumulated 69,000 $BTC in Q1, while retail investors panic-sold 62,000 $BTC during the same period. Institutions are rapidly taking over market pricing power. 2. Hyperliquid sees massive unlock: Over 9.9 million $HYPE (worth approximately $380M) will be released today, accounting for 2.65% of circulating supply. Watch out for short-term sell pressure in the secondary market. 3. Sei launches major EVM migration: Backed by Coinbase, the migration will significantly enhance compatibility with the Ethereum ecosystem, potentially attracting more top-tier dApps to the network. 4. Drift hack linked to "state actors": Preliminary investigations suggest the security breach may be tied to a North Korean-affiliated hacker group, which orchestrated a six-month-long infiltration. A stark reminder to stay vigilant on security.