Updated

Bitfinex to coinbase price comparison over event timeline

Publishing this now because people will make up things in 4 months when its not as fresh in peoples mind.s

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full size chart

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BFX over premiums.

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note that coinbase is actually trading at a discount to bitfinex.
coinbase btcusd bought up and over bitfinex. bitfinex did not sell down to coinbase.

this shoots the theory of "binance turned off withdrawals so they could sell the premium on bitfinex" in the face.

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some will say "but wait, couldn't they sell on bfx in small clips and buy on coinbase" sure but then your admitting people could get money off bitfinex, there is money, there is banking and said transfer would be complete in under a day.

all these are not suppose to exist though according to said theories on the evils of bitfinex.

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including "binance repoens withdrawals" for completeness
(NYC blockchain week is also 5/11 - 5/17)

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bitstamp had a mass seller step in last night that caused a market crash on cme and bitmex. coinbase followed

people reported latent buys or buys not executing on bitstamp during this period.
this is a symptom of a known queuing to their matching engine during volatile markets. (market buys executing up to 11minutes later.)

bitfinex was late to the party on the sell which resulting in some premium occurring. there just arent that many active traders willing to sell currently.
(as seen in outflows from bitfinex's hot wallet)

IamNomad

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IamNomad

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