The arbitrage trading strategy of $BTC is a trading method that utilizes unreasonable price differences of assets in the market to achieve risk-free or low-risk returns by simultaneously buying and selling related assets. The core idea is to capture 'mispricing', and when prices return to reasonable levels, close the positions for profit. Below are common classifications of arbitrage strategies and their core logic:

1. Cross-Market Arbitrage

- Definition: When there is a price difference for the same asset in different markets, buy in the low-priced market and sell in the high-priced market to profit from the difference.

- Example: A certain stock is priced at 10 yuan in the A-shares market, and after conversion, it is 9.5 yuan in the Hong Kong stock market. The investor can buy the Hong Kong stock while simultaneously selling the A-share (considering transaction costs, exchange rates, and other factors).

2. Cross-Commodity Arbitrage

- Definition: Arbitrage based on price deviations between related different commodities (such as upstream and downstream products, substitutes).

- Example: The prices of soybeans and soybean meal have a linked relationship (soybeans are processed into soybean meal), and when the price difference between the two exceeds the normal range, buy.