Bitfinex marketbought with $60 slippage. Bitmex moved $5. Coinbase moved $12. Markets a lot different now than in years past and bitfinex clearly is not in control anymore.pic.twitter.com/21I18snoNf
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The 50-80 pip delta between the average traded prices is a different thing entirely. I'm talking about the marketsell at 15:34 UTC.
Again, we traded more than 10x the volume in that candle.
34 on coinbase vs 410 on @bitfinex
That's a 85$ movement on finex, vs 25$ on coinbase. I would call it as really good on Finex side and spin this as "holy s**t, serious movements happen on Finex".
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My thesis has been how the other exchanges reacted to that $85 movement of 410 coins, and how we don't have an instant similar whipsaw on other exchanges like we used to. Things trade differently now than in 2015\16, so perhaps I'm just barking up the wrong tree here.
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