According to @52kskew, Binance spot traded about USD 6,000 below Coinbase spot today, with Binance executing 81,900 BTC on a single 4-hour candle; source: @52kskew, X, Oct 11, 2025. This highlights a cross-exchange spot spread and a 4-hour volume concentration on Binance during that window; source: @52kskew, X, Oct 11, 2025.