South Korean BTC 'Kimchi Premium' rose to 9.7% this morning, hitting a 10-month high

According to Jinse Finance, affected by Trump's trade war, South Korea's BTC 'Kimchi Premium' soared to 9.7% at 2:00 am on February 3, reaching a 10-month high since April 2024. Presto Research analyst Min Jung said that Kimchi Premium usually rises during bull markets, but it may also surge during panic sell-offs due to the lower selling pressure on Korean exchanges compared to the global market. As of writing, Kimchi Premium has fallen to 8.24%, while the historical average level is around 5%.

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