The Kimchi Premium from South Korea is showing its largest negative value in this cycle.
Generally, a negative premium indicates a bearish trend. "Whales" might be accumulating on South Korean exchanges at relatively low prices.
The bullish run of $BTC and the cryptocurrency will kick off when this negative premium disappears. Right now, the Kimchi Premium is sitting at -1.8%, marking the widest gap in this cycle.
Generally, a negative premium indicates a bearish trend. "Whales" might be accumulating on South Korean exchanges at relatively low prices.
The bullish run of $BTC and the cryptocurrency will kick off when this negative premium disappears. Right now, the Kimchi Premium is sitting at -1.8%, marking the widest gap in this cycle.