TradFi and DeFi fighting for the same pie... • BTC funding rate plunged from 0.01 to 0.001—clear signals of longs closing and shorts entering • Bitcoin treasury companies increased holdings to 1.14 million BTC, with average price locked between $75K and $125K • Binance stablecoin reserves lead the pack at $53 billion, accounting for 57% of total exchange reserves • Bonzo protocol hacked, losing $9 million • OKX Wallet integrates Robinhood Chain and launches U.S. stock trading The volume is still on the table, just the direction has shifted.