I've been in conversations with trading desks where $BTC and altcoin venue allocation comes up and the answer is usually the same: "we're on Exchange A for the arb book because that's where we started, and Exchange B for everything else because someone got a deal done there a while back." Nobody modeled fit, and nobody asked whether a maker-heavy strategy running on taker-optimized terms was eating into net returns every day - that number is real and it adds up, and most allocation reviews never catch it because the question was never on the agenda to begin with. I wrote about how to actually think through this - three questions that determine which strategy belongs where, why co-location and risk isolation sometimes point the other way, and why most desks end up in the wrong place without anyone actually deciding that's where they should be. Read more: https://medium.com/the-investors-handbook/which-strategy-goes-to-which-venue-and-why-the-current-answer-is-probably-wrong-53935e9afdaf Disclaimer: This is not financial or investment advice. DYOR before making any decisions. Use at your own risk. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Bitcoin #Ad