OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
1657 1 4
The mechanic seems something like this:
1) Yuan is loosing buying power
2) Chinese buy all BTC             that they can pushing up BTC/CNY            
3) When BTC/CNY             is too high they are buying dollars to buy BTC             pushing up also BTC/USD
Comment: Now, if you consider this chart from 2016-05-05, both USD/CNY and BTC/USD reached a 70% increase in value (the gap is closed).
Thank you mytradersblog! This is the capital flow sequence. Renminbi to BTC and BTC to USD. The hole it is.
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