{"id":20862,"date":"2025-02-03T13:58:31","date_gmt":"2025-02-03T11:58:31","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-kimchi-premium-hits-three-year-high\/"},"modified":"2025-02-03T13:58:31","modified_gmt":"2025-02-03T11:58:31","slug":"bitcoins-kimchi-premium-hits-three-year-high","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoins-kimchi-premium-hits-three-year-high\/","title":{"rendered":"Bitcoin&#8217;s &#8216;Kimchi Premium&#8217; Hits Three-Year High"},"content":{"rendered":"<p>On February 3rd, the &#8216;kimchi premium&#8217; on Bitcoin\u2014a measure of price inflation on South Korean crypto exchanges\u2014reached a three-year high, exceeding 11.9%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Kimchi Premium is 12% right now\u2014a three-year high. The main reason for BTC drop seems to be the strong DXY. <a href=\"https:\/\/t.co\/fjFOyUH5Pr\">pic.twitter.com\/fjFOyUH5Pr<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1886270544192192963?ref_src=twsrc%5Etfw\">February 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The widening price gap for the leading cryptocurrency between South Korean exchanges and the broader market is attributed to a significant downturn amid news of President Donald Trump&#8217;s aggressive tariff policies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe &#8216;kimchi premium&#8217; typically rises during bull cycles when Korean investors overpay. However, it can also spike during panic selling periods. This occurs when there is less selling pressure on Korean exchanges compared to global markets,\u201d <a href=\"https:\/\/www.theblock.co\/post\/338432\/south-koreas-bitcoin-kimchi-premium-soars-to-10-month-high-amid-trump-led-tariff-war-concerns\">noted<\/a> Presto Research analyst Min Jung.<\/p>\n<\/blockquote>\n<p>In his view, the inflated measure will persist if American investors continue to sell. The expert emphasized that historically, the &#8216;kimchi premium&#8217; has been around 5%, to which the market will return upon stabilization and recovery.<\/p>\n<p>The last time an abnormally high level was <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-kimchi-premium-reaches-two-year-high\">recorded<\/a> was in March 2024, at 10.32%.<\/p>\n<p>DNTV Research expert Bradley Park <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/03\/bitcoin-s-kimchi-premium-jumps-to-10-worrying-sign-for-btc-in-short-term\">believes<\/a> that most retail investors have either \u201cfully invested in spot\u201d or moved funds to DEX.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn this situation, the &#8216;kimchi premium&#8217; does not reflect retail investor overbuying. More likely, it has risen as a passive response to uncertainty regarding the dollar environment,\u201d Park explained to CoinDesk.<\/p>\n<\/blockquote>\n<p>In December 2024, the South Korean government <a href=\"https:\/\/forklog.com\/en\/news\/south-korea-delays-cryptocurrency-tax-implementation-until-2027\">postponed<\/a> the introduction of new cryptocurrency taxes until 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 3rd, the &#8216;kimchi premium&#8217; on Bitcoin\u2014a measure of price inflation on South Korean crypto exchanges\u2014reached a three-year high, exceeding 11.9%. #Bitcoin Kimchi Premium is 12% right now\u2014a three-year high. The main reason for BTC drop seems to be the strong DXY. pic.twitter.com\/fjFOyUH5Pr \u2014 Ki Young Ju (@ki_young_ju) February 3, 2025 The widening price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1138,974],"class_list":["post-20862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions","tag-south-korea"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20862"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20861"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}