Something I don’t understand and I would be great if someone can give me a great answer
Let say for example someone put a sell wall of 30BTC for a certain quantity of NEO on Bittrex. So normally the price of NEO should fall faster or rise slower than an other stock exchange where you can also trade NEO right ? (because other stock exchanges may not have the big sell wall)
But even with a big sell wall the price remains relatively the same between stock exchanges, how can that happen ?
I know that for a short period of time you can do arbitrage and you can make some profit but the difference is not that extreme.
Same question with FIAT/CRYPTO pairs, if someone on an exchange decide to sell 100BTC to CAD, and the pair BTC/USD doesn’t have that big sell wall, the price should differ a lot from an exchange to another right ? But it’s rarely the case…
If BTC/USD fall fast like today, BTC/CAD will have the same momentum on whatever exchanges.