kimchi premium | Crypto Profit Bot

Kimchi premium collapses: Short-term top signal or a reset for Bitcoin?

April 7, 2021

Crypto Nanobot 0

The so-called Kimchi premium, which measures the premium of the Bitcoin (BTC) price in South Korea’s cryptocurrency exchange market, has plummeted. The premium declined from 22% to 15% within a matter of hours on April 7, and it is continuing to drop across major South Korean exchanges. BTC Korea premium index. Source: CryptoQuant A big […]

South Korea’s ‘Kimchi premium’ is back: Is the Bitcoin rally starting to heat up?

March 29, 2021

Crypto Nanobot 0

The “Kimchi premium” is back. Bitcoin (BTC) is trading more than 6% higher across major South Korean crypto exchanges as of March 29. Data from CryptoQuant shows that the premium in the South Korean market was nonexistent for many months and, in fact, dropped to around -6% in early February when BTC dipped below $30,000. […]

Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling?

January 9, 2021

Crypto Nanobot 0

Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone. By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States. Yet, South Korea’s cryptocurrency […]

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Category: kimchi premium

Kimchi premium collapses: Short-term top signal or a reset for Bitcoin?

South Korea’s ‘Kimchi premium’ is back: Is the Bitcoin rally starting to heat up?

Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling?