Korean Bitcoin Premium Returns to 2%, Hitting Highest Level Since Iran-US Conflict
According to CryptoQuant data, the Bitcoin premium in the South Korean market has recently risen to around 2%, reaching a new high since the outbreak of the Iran-US conflict. The "Kimchi Premium" in the South Korean market is primarily driven by local demand. Due to capital controls and KYC requirements based on residency status, the South Korean crypto market has long remained relatively independent from the global market.
Data shows that for most of 2025, Bitcoin prices in South Korea have been higher than the global volume-weighted average price (VWAP). After BTC broke through its all-time high of $126,000 in October 2024, the Korean premium once surged to 8.27%. Following the outbreak of the Middle East conflict in 2026, volatility in the South Korean market increased markedly. A discount of approximately 2.27% appeared in early March, after which the market experienced sustained turbulence.
Odaily星球日报讯 CryptoQuant 数据显示，韩国市场比特币溢价近期重新升至约 2%，创下美伊冲突爆发以来新高。韩国市场的“泡菜溢价”主要受本地需求推动，由于资本管制及基于居住身份的 KYC 要求，韩国加密市场长期相对独立于全球市场。
数据显示，2025 年韩国比特币价格大部分时间均高于全球成交量加权平均价（VWAP），其中 2024 年 10 月 BTC 突破 12.6 万美元历史高点后，韩国溢价一度升至 8.27%。而 2026 年中东冲突爆发后，韩国市场波动明显加剧，3 月初一度出现约 2.27%的折价，随后市场持续震荡。
