That move down was the markets following Mainland China exchanges down... Chinese exchanges fell to sub-3k prices. Fiat deposits are disabled, so no possibility of traditional arbitrage. As far as I can tell, the smart money on those exchanges is now buying up discount BTC over there and dumping it en mass on Bitfinex....
That move down was the markets following Mainland China exchanges down... Chinese exchanges fell to sub-3k prices. Fiat deposits are disabled, so no possibility of traditional arbitrage. As far as I can tell, the smart money on those exchanges is now buying up discount BTC over there and dumping it en mass on Bitfinex....
Interesting theory.