Lira buyers paid slightly less for Bitcoin than the rest of the world on Oct 15, and nearly all of that gap sat in the dollar. Tether on Turkish exchanges traded at -10.5 bps against the official USD/TRY rate, and the coin itself added only +0.3 bps.
Together that put the Turkey Premium Index at -0.10%, or -10.2 bps, with a score of 46 / 100, a neutral regime. The 24 hour average came in at -6.8 bps and the 7 day average at -1.9 bps.
Across five eligible exchanges, Bitlo was the dearest at -3.8 bps and BtcTurk the cheapest at -15.2 bps, so every venue priced $BTC under the global level. It is a price gap, not a trade anyone can lock in.
Together that put the Turkey Premium Index at -0.10%, or -10.2 bps, with a score of 46 / 100, a neutral regime. The 24 hour average came in at -6.8 bps and the 7 day average at -1.9 bps.
Across five eligible exchanges, Bitlo was the dearest at -3.8 bps and BtcTurk the cheapest at -15.2 bps, so every venue priced $BTC under the global level. It is a price gap, not a trade anyone can lock in.