Binance Life, the Best Story Kills the Most People Binance's three addresses combined hold 80.78%, with the main addresses 0xf977... acec holding 79.33% separately. This is Binance's known hot wallet,/custodial address, representing the total amount of coins deposited by platform users or the platform's own holdings Wintermute (a well-known market maker) holds 0.32% and has a net decrease of 0.97% (maleactivity) within the window, indicating that the market maker is reducing its position All marked CEX+market makers account for approximately 82.96% of the total, with very few real "retail" positions on the chain. Within 90 days, the net inflow of CEX was about 143 million coins (accounting for 15.24% of the supply), indicating that the overall direction of funds is biased towards the exchange's precipitation. The absolute amount of inflows and outflows far exceeds the total supply, indicating that there are a large number of transfers between Binance internal addresses (hot wallet → cold wallet, etc.), not all of which are real users' deposit and withdrawal behaviors The net inflow into CEX represents potential shipment pressure under traditional analysis frameworks, but considering that 80%+of the token is already within the Binance system, this is more likely to reflect internal fund management within the exchange. A BSC's own track, Binance's best brand marketing and new customer acquisition strategy, may itself be the best gateway for new users to enter the chain, enter encryption, and enter Binance. It is also a symbol of building Binance's brand cohesion, and ultimately becomes the last straw to crush active players. BSC still cannot change the smoke and dust of the insider warehouse of the mouse warehouse, nor can it change the niche narrative of PVP. It cannot afford the best Chinese marketing and cannot tell the good stories passed down by every Binance user. It should be noted that the foundation of the market always lies in the users. It is a waste of the confidence of existing users that one's own track and users cannot support it wholeheartedly to achieve results. Confidence is more precious than gold Brand marketing, strategic positioning, and resource allocation, only users are the lifeblood of the exchange. The foundation of the market lies in attracting more people to enter the cryptocurrency market and engage with Binance. The last time it was a user in the doge shib cycle, Binance needs new stories to let users understand that Binance's life is sedimentation and the best paradigm for attracting new customers