Opinion: The current premium for kimchi is about 0%, which may indicate that there is still room for growth in BTC.
According to online reports, Sean Farrell, head of digital asset strategy at Fundstra, said in his latest client report that "friends and family" have begun to ask about cryptocurrencies again. Judging from quantifiable market indicators, the current situation does not show a rebound in March or a cyclical peak bubble at the end of 2021. For example, the current kimchi premium indicator in the Korean market is about 0%, indicating that South Korean traders lack excessive excitement. Normally, if the market peaks, the kimchi premium will soar to more than 10%. The rise in the past week should not be regarded as a purely speculative boom, and Bitcoin may still have room to rise.
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