Price discovery is one of the most beautiful things markets do. But people often talk about it as if there is one final price waiting to be found. There isn’t. There are many prices, each mapping a different cost of owning, holding, hedging, financing, or being early to an asset. Price discovery is not a destination. It is a constant negotiation between humans, and increasingly, machines. When I first started my career in finance, I stood in the pits on the CME Group trading floors, and my boss
CryptoAlerta — análise de criptomoedas e mercado em tempo real