CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2025-02-03 04:34:05

South Korea’s ‘bitcoin kimchi’ premium index rises by 9.7%

South Korea’s bitcoin premium index, aka “kimchi premium,” reached a 10-month high on South Korean exchanges and remained stable amid a major global market dip. On Monday morning in Asia, the Korea Premium Index rose to 9.7%, marking its highest since April 14, 2024. According to CryptoQuant data , the premium is down to 8.2% at press time. The “kimchi premium” refers to a price gap between the South Korean exchanges and foreign markets. It may indicate a stronger buying pressure among Korean retail investors. While Bitcoin’s price is tanking below $92k and Ethereum is down 20%, the Korea Premium Index is up as the South Korean market is difficult for foreign investors to enter. Bitcoin: Korea Premium Index (Source: CryptoQuant) According to a report by The Block, an analyst at Presto Research, Min Jung, said, “The Kimchi Premium typically rises in bull markets when Korean investors bid higher, but it can also spike during periods of panic selling.” Jung predicted the kimchi premium would remain elevated so long as American investors maintained their selling activities. He added “However, historically, the Kimchi Premium has averaged around 5%. If the market stabilizes and rebounds, we would likely see the premium narrow back toward that level.” Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine