Binance released a situation note on the "large empty order" before the GPS announcement on the X platform, saying that it has paid attention to the feedback from the community on the "large empty order" before the GPS announcement, and conducted relevant investigation at the first time. After verification, this situation is a normal market fluctuation behavior, and there is no abnormal transaction. Before the announcement, the active selling volume of the market in the first 10 minutes compared to the first 5 minutes did increase from $5.40 million to $9.60 million, an increase of 1.78 times, but if the time line is extended, as shown in the figure, the increase of 1 to 4 times belongs to the normal fluctuation range. 2. From the historical data, GPS's active buying or selling volume accounts for 40% to 60% of the total trading volume, which is a relatively common phenomenon. Before and after the announcement, this proportion did not change abnormally. 3. Active "selling" behavior can be selling short or selling flat, so active selling can be both a trader opening a short position and a position squaring long position. Therefore, the increase in selling volume reported by the community is not limited to traders opening short positions "layout in advance", but also includes the behavior of position squaring long positions by users who hold positions. 4. From the perspective of the total number of non-position squaring contracts, there is no obvious change in the contract position (that is, the amount of non-position squaring contracts) 5 minutes before the announcement compared to the 5 minutes after the announcement, further indicating that there is no person rushing to layout empty orders or multiple orders in advance.