Let's say i'm trying long on ETH-BUSD, which means i'm expecting ETH to be worth more BUSD in the future. If i'm now trading ETH-BTC pair, You are expecting ETH to outperform bitcoin. My Question is, If BTC takes a dip against BUSD, and ETH holds stable ( or more stable ) against BUSD, will the ETH-BTC pair at the end of the day reflect ETH-BUSD/BTC-BUSD, or is every pair independent and it's up to the market to adjust ?
Sorry for butchering the question. It's something i'm struggling to understand so it's difficult to explain.
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