According to @ThinkingUSD, billions of dollars of Bitcoin (BTC) are being traded permissionlessly on a fully on-chain central limit order book (CLOB), signaling live high-notional BTC activity on decentralized infrastructure, source: @ThinkingUSD on X, Aug 24, 2025. The post does not identify the venue, transaction data, or time window for the stated volume, limiting immediate independent verification, source: @ThinkingUSD on X, Aug 24, 2025. For trading context, the claim highlights that significant BTC order flow may be occurring on-chain rather than only on centralized exchanges, but no corroborating details were provided in the post, source: @ThinkingUSD on X, Aug 24, 2025.