You haven't done anything wrong. The jump to 386.xx requires database maintenance, which might take a while. I've seen posts indicating that this could take a few hours. From the changelog comes the following:
386.1 (30-Jan-2021)
Switched to the new 386 codebase. 386 introduces
AiMesh 2.0, finalizes the move to OpenSSL 1.1.1
firmware-wide, adds a new speedtest (powered
by Ookla). For more details, please refer
to Asus's own release notes.
- NOTE: For developers, note that firmware code is
once again back on the master branch, with
both mainline and ax being reunified again.
- NOTE: Some users upgrading might have to go through some
database maintenance on first boot, which means the
router might be slower or have a non-responsive webui
for a while.
This can take anywhere from 5 minutes up to an hour,
depending on your model, just give it time to complete
the process.