Fundstrat executive: The current Korean "Kimchi Premium" is about 0%, and Bitcoin may still have room to rise

Odaily News Sean Farrell, head of digital asset strategy at market research firm Fundstrat, wrote in a recent report that a "quantifiable" indicator of sentiment and frothy markets is the price difference between Bitcoin in South Korea and Bitcoin on Coinbase, which the crypto industry refers to as the "Kimchi premium" or "Korea premium index." When the speculative frenzy began, the price of BTC on Korean exchanges was at a premium relative to other cryptocurrency exchanges, and the premium is currently around 0%, indicating that Korean traders are not overly excited. Usually the market Kimchi premium soars to more than 10%, and the rise in the past week should not be regarded as a pure speculative boom, and Bitcoin may still have room to rise.