The Tether discount has all but disappeared, with BITFINEX:BTCUSD pairing trading at only a .8% premium to Coinbase.
The discount built up over about 15 days, leading to a blowout on on 10/15. From then the BTC/USD Finex premium has faded nearly daily through Halloween. Basically it nearly retraced the entire discount in the same 15 days that it took to build...
This chart shows the % of discrepancy between Bitfinex's BTC/USD and Coinbase's BTC/USD prices in live time.
Bitfinex, Binance, OKEx, Huobi, HitBTC, Poloniex, Bittrex etc. are cryptocurrency exchanges which are operating on a digital token called Tether (USDT is its ticker). These are called tether-to-crypto exchanges. USDT is (allegedly) pegged to the US dollar...
Spreads between the major exchanges have widened, with opportunities for arbitrage despite the arbitrage paradox axiom that these opportunities may remain short lived should arbitrageurs neutralise them.
Similarly, following 2008, Covered Interest Parity has not held true in foreign exchange markets.
i.imgur.com
Initially, the violations...
BTC is at a critical point. It can either breakout of the descending channel or it drop down. Watch the charts closely. Current candle setup looks bearish but it could also breakout. Let's hope it does!
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