In Episode 3 of The LOCAL, we take a break from headlines and step into the weeds, where the real complexity lives. This one’s a trader’s episode.

Tim and Marcus dive deep into one of the most deceptively simple questions in crypto:

What’s the price of Bitcoin?

From the latency games between Bybit and Binance to the role of AWS zones, Ethereum block builders, and why decentralised liquidity turns everything upside down, this is a rare look behind the curtain at how market makers actually operate (the good ones, anyway).

This week:

• What “co-location” means when there’s no rack to rent
• AWS, latency, and why Tokyo isn’t Singapore
• Spot, perps, AMMs and the dark art of price discovery
• Why some market makers get unfairly slammed

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@timmeggs | Marcus (the other one)