#spotmarket #spot

Here's the estimated profit distribution for the spot market:

- Binance (Fees): 8% – earns from transaction volume, not asset growth.

- Early Whales / Smart Money: 50% – biggest winners, often bought early or accumulated in bear markets.

- Long-term Retail HODLers: 25% – patient investors with DCA or strong conviction strategies.

- Short-term Spot Traders: 10% – those trying to time the market with mixed results.

- The missing 7% is essentially retail losses or wealth transferred to more strategic players.