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. | 5 months ago (raw) | root | parent | reply | flag +3 
 I am not sophisticted enough to know but this looks like a way for market makers to play paper games with the Eth/BTC trade to suppress the price of #₿

Major political string pull vibes
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hong | 5 months ago (raw) | root | parent | reply | flag 
 i think of ETFs are mostly a vehicle that brings public market liquidity (stock exchange trading liquidity) to bitcoin's market. it's like an IPO like thing. the asset is the same. liquidity around it changes a lot. bitcoin's price went up a lot since the ETF moment and i think it's a rational upward pricing by the market liking the same asset even more with more liquidity
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. | 5 months ago (raw) | root | parent | reply | flag 
 " When the correlation between the two temporarily weakens, i.e., one crypto moves up while the other moves down, the pairs trade would involve shorting the outperforming crypto and longing the underperforming one, betting that the "spread" between the two will eventually converge. The divergence within a pair can be caused by temporary supply/demand shifts, large buy/sell orders for one crypto, reactions to significant news about a project or company, and so on. "