Recently, Bitcoin spiked to $70,500 on Bitrue. Such unprecedented spikes on Bitrue occur frequently and are not reflected on other exchanges' charts.

When Bitcoin's price pumps significantly on one exchange but remains stable on others, it can be due to several factors:

1. Liquidity Differences: Smaller exchanges with lower trading volumes can experience more significant price fluctuations due to lower liquidity. A large buy order can significantly impact the price on such exchanges.

2. Arbitrage Opportunities: Traders may not have yet exploited price differences between exchanges. Arbitrage involves buying Bitcoin on the exchange where it's cheaper and selling it where it's more expensive, which eventually normalizes the price across exchanges. Delays in executing arbitrage can cause temporary price discrepancies.

3. Geographic or Regulatory Factors: Some exchanges operate in different jurisdictions with distinct regulations, affecting how and when trades are executed. For example, an exchange in a country where Bitcoin demand suddenly spikes due to economic or political events may see a price pump not mirrored globally.

4. Technical Issues: Technical problems like delays in price feed updates or trading halts can cause temporary price anomalies on an exchange.

5. Market Manipulation: On smaller exchanges, it can be easier for large traders or groups to manipulate the price by placing substantial buy or sell orders, temporarily driving the price up or down.

6. News and Announcements: Localized news or announcements can cause price pumps on specific exchanges if the news significantly impacts traders' sentiment in that region.

7. Exchange-Specific Events: Promotions, new coin listings, or other events specific to an exchange can drive up trading volume and prices temporarily.

These factors can lead to temporary price disparities that generally even out as traders take advantage of arbitrage opportunities and as liquidity normalizes.

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