Cross-Exchange Arbitrage: How Price Discrepancies Get Erased
Price discrepancies across crypto exchanges don't persist for long. Here's the mechanical process that closes them - and what it reveals about how markets actually work.
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Price discrepancies across crypto exchanges don't persist for long. Here's the mechanical process that closes them - and what it reveals about how markets actually work.
Price doesn't move because of news or sentiment alone. It moves because of order flow - the mechanical process of buyers and sellers interacting in real time.
The discipline of sitting out