This Friday, Binance's single-day BTC/USDT spot trading pair volume reached $1.66 billion, while the single-day trading volume of the US stock BTC ETF IBIT hit $2.5 billion. Binance's BTC spot trading has already been surpassed by the US stock ETF. Following the major liquidation on October 11, the Binance rebate amount circulating in the market today has dropped by nearly 70%. The market truly lacks trading funds now—looking at the large stablecoin reserves, it's all just arbitrage and draining. What’s next? BTC IBIT ETH HYPE