Bitcoin Kimchi Premium Hits 1.98% on South Korean Exchanges, Highest Since Late February

BTC-0.94%

According to Cryptopolitan, Bitcoin’s kimchi premium on South Korean exchanges reached 1.98% recently, marking the highest level since late February, as measured by CryptoQuant’s premium index. The metric reflects the price difference between Bitcoin traded on South Korean exchanges and the global volume-weighted average price.

The current premium has since retreated to 0.77%, reflecting the recent recovery in South Korean buyer demand following earlier weakness.

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