Im sick of reading you people post about the swaps on bfx.
It
means
nothing
Until you are in a middle of a massive dump/spike either way, where a squeeze literally occurs, the past few months have told us that it means nothing. Someone has been eating USD at .11% and the overall market doesnt care.
China controls 75% of the trading market, and until Gemini or Coinbase begin operating in NY, CA, TX, VA, MA we are going to see a lot of pump and dumps.
It
means
nothing
Until you are in a middle of a massive dump/spike either way, where a squeeze literally occurs, the past few months have told us that it means nothing. Someone has been eating USD at .11% and the overall market doesnt care.
China controls 75% of the trading market, and until Gemini or Coinbase begin operating in NY, CA, TX, VA, MA we are going to see a lot of pump and dumps.
Au contraire, at these prices every million is BTC4000 even with china it'd be foolish to disregard it. Market is not that deep/liquid