Most retail investors only focus on ticker/USDT, but the real money is not in the "price," but in the "structure"; pair is the core language of trading; PEPE/ETH, ETH/BTC, PEPE/DOGE, Fartcoin/PEPE…… These trading pairs hide the switching of strengths and weaknesses, rotation rhythms, and statistical arbitrage opportunities, but retail investors do not understand the structure and do not care about the connections; Market makers in the crypto market run highly unified bots, shifting positions, suppressing prices, and pumping across multiple trading pairs, forming a structural linkage that is closely related to BTC but not completely synchronized; So, ticker/ticker is not an independent asset, but a rhythm tool used by the main players to allocate funds and create strength and weakness gaps, it is key evidence of on-chain rotation structure; Therefore, looking at pairs is not just about looking at prices, but about observing how funds flow within the structure to find high-probability entry points for statistical arbitrage; Statistical arbitrage is the most direct money-making application of pairs trading; In the crypto market, this arbitrage space is actually very friendly to retail investors, because high beta varieties are often intentionally suppressed by market makers, it's not about crashing the market, but about wearing down retail investors' patience, guiding them to hand over their chips; Until the order book starts to thin out, and liquidity gaps become obvious, forming inefficiencies, only then do market makers pull the trend; And retail investors will indeed hand over these chips, because they are eager to chase that "candle that is glowing green," rather than buying those lagging but highly certain structural arbitrage opportunities, always thinking they can outsmart the "strong" with their "smartness," destined to miss out on big results; Many people seem very smart, but when it comes to doing things, they are actually just fodder; Don't forget, certainty is the foundation for holding large positions to achieve big results; The real opportunities have always been left for those who are patient by the main players; $PEPE Higher.