simonsays452

CNY USD Arbitrage highest since Feb 2014

BITSTAMP:BTCUSD   Bitcoin / Dollar
117 0 6
We're seeing an explosion higher in BTC led by Chinese buyers to the tune of 30X BTCCNY:BTCUSD volume with a massive arb spread of $72 (15%), highest since Feb '14. The arb spread blowing out leads me to speculate that fears of the PBOC loosening up their grip on a "managed devaluation" are spreading. Thank goodness I'm long USD!
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