A modest kimchi premium around 1.2% signals localized demand in Korea rather than market overheating. This level is relatively healthy compared to historical extremes and usually reflects short-term capital flow differences, FX friction, and strong retail participation on domestic exchanges.
What matters is the consistency across $BTC , $ETH and major alts. When premiums stay contained and broad-based, it suggests regional demand strength without major arbitrage stress. For now, this looks like a sentiment indicator, not a warning sign, showing Korea leaning slightly risk-on while global prices remain aligned
