i'm watching the chart since bitcoin price getting crazy but indeed the highest price in the world for bitcoin holding by china exchange and the current price is 7681 CNY at Huobi exchange and i think very possible the price will rise up again tomorrow but i don't get it that why the price on china exchange always be more higher rather than other exchange
It's the demand in China that's far stronger than the demand here in the western world. That's why they are ahead of all other exchanges with their pricing. Western exchanges are just operating behind China and are in some cases hesitant to come close to their ticker price. Another reason is the fact that large players keep the price at such levels on purpose, to make it far more profitable to do arbitrage trading between western and Chinese exchanges. Right now the difference is like $40 per coin. Imagine how that will be when you do that with thousands of coins every month. Big money.
Because it's too hard to get fiat out of China for arbitrage plays