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Market & Price Movesπ₯
The total crypto market has pulled back sharply β analysts say itβs the largest monthly drop of the year, with overall valuation slipping below US$3 trillion.π€
Bitcoin (BTC) dropped to around US$85,422 at one point.π₯
The total crypto market has pulled back sharply β analysts say itβs the largest monthly drop of the year, with overall valuation slipping below US$3 trillion.π€
Bitcoin (BTC) dropped to around US$85,422 at one point.π₯
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Returning to the topic of arbitrage, I would like to give a detailed answer to the question βWhy is arbitrage between top exchanges such as Binance, Bybit, OKX, and so on so rare?β
On tier 1 exchanges, the market maker's work is performed almost perfectly β as soon as there is a difference between the price on another popular exchange, it is immediately equalized. This cannot be said about less popular exchanges, which are often our second pair in arbitrage. The market maker there does not work as perfectly as, for example, on Binance, and therefore the price difference for a particular pair can last for several hours.
We monitor the market 24/7 to find the best arbitrage trades. Follow the channel so you don't miss the next arbitrage opportunity.
On tier 1 exchanges, the market maker's work is performed almost perfectly β as soon as there is a difference between the price on another popular exchange, it is immediately equalized. This cannot be said about less popular exchanges, which are often our second pair in arbitrage. The market maker there does not work as perfectly as, for example, on Binance, and therefore the price difference for a particular pair can last for several hours.
We monitor the market 24/7 to find the best arbitrage trades. Follow the channel so you don't miss the next arbitrage opportunity.
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Posted by @itz_7star
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If you look at the regional BTC flow charts, thereβs a pretty interesting picture:
Since the beginning of November, all regions β the US, Europe and Asia β have been net sellers of BTC, whereas before that, spot flows were consistently dominated by buying.
Over the last week we can see a small buyback from the US and Europe (which matches the V-shape rebound on Bitcoin), while Asia continues to keep selling volume elevated.
In simple terms: Western flows are starting to stabilize and even nibble back in, but Asia still acts more like a seller than a buyer right now.
Since the beginning of November, all regions β the US, Europe and Asia β have been net sellers of BTC, whereas before that, spot flows were consistently dominated by buying.
Over the last week we can see a small buyback from the US and Europe (which matches the V-shape rebound on Bitcoin), while Asia continues to keep selling volume elevated.
In simple terms: Western flows are starting to stabilize and even nibble back in, but Asia still acts more like a seller than a buyer right now.
#Bybit #Airdrop #Cryptocurrency #Bonus #Earnings #NewToken #BybitListing
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BREAKINGπ π΅π° Pakistan is preparing to launch a rupee-backed stablecoin.
VARA Chairman Saqib confirmed the country will βdefinitely launchβ a stablecoin, while also working on CBDC development.
Big move for crypto adoption in South Asia.π π₯
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