Why do I have the feeling that waiting for Huobi's "bad news" is similar to the sentiment around mtgox adding LTC. Waiting for something that's "sure to happen" usually results in an unexpected outcome
We will see.
I'm curious who is buying coins on Houbi. How many new Chinese are sending fresh fiat to exchanges? That sounds hard to imagine. Maybe non-nationals looking for cheap bitcoins? Maybe, but the price is even now, so can't arbitrage anymore. Fiat sitting on the sidelines? That's my guess. Also short covering perhaps. Probably likely too to some degree.