Desk thoughts on market conditions today.

Nothing heroic to report—and that's exactly how it should be. Our 5 spreads are tracking comfortably within their statistical incubation windows.

In systematic trading, 90% of long-term outperformance comes from avoiding catastrophic drawdowns during unrewarding chop regimes. When you protect your base, the compounding takes care of itself.

Audited relative value performance ledger on Binance Copy Trading:
https://www.binance.com/en/copy-trading/lead-details/4483279284065330433?timeRange=30D

#ARB #BTC #BinanceSquare