Odaily News Kaiko said in a recently released report that last week, Bitcoin briefly traded at a discount of about 1% in the Korean market, the second discount since September. Historically, Bitcoin has traded at a premium of up to 50% in the Korean market due to South Korea's unique regulatory framework that restricts cross-border capital transfers by foreign users. In March of this year, as BTC hit an all-time high, the "Kimchi Premium" soared to 10% before falling back to 1-2% in the summer. It is worth noting that previous instances of negative Kimchi Premiums often foreshadowed a rebound in the broader cryptocurrency market. However, this time, market uncertainty remains high, especially during the upcoming US election.