Quote from: rickadone on July 31, 2018, 11:07:08 AM

Quote from: nicktalman93 on July 25, 2018, 12:45:35 PM

Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.

https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/

Just because asians are getting into the bitcoin doesn't mean all of the rush came from them. Do not forget that bitcoin is a volatile currency which means that if koreans and japan wanted to get more bitcoins and the rush came from them, it also means that a lot more people followed them and bought as well, no one can handle that much increase all by themselves when others are trying to sell, which means whole world wanted to buy WITH them.

However, he is right that the prices are a lot closer to each other on the markets, I do remember the times when markets had so much arbitrage differences. It had happened in the past for sure but, from those occasions market had bounced into new high too. Those things are not the right indicators to predict the bull-run and its end.

Exactly the point. The market cap is quite high and it takes a lot of money to send it in one direction or the other. But once a catalyst hits, the rest of the world doesn't wait long to get on. If you look real closely at the chart you can see interesting movements in the 5min candles, where one long one sets off an avalanche.

The good thing about closer prices is that it's a sign of regulation (by the people, not the governments). The exchanges that quote spreads as high as the moon are being weeded out as people turn to more reliable and trustworthy sources for their trading needs.