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CryptoQuant Analyst: Bitcoin's 'Kimchi Premium' Hits Local Top, Indicates Strong Demand from South Korean Investors
2024-12-26 13:35
BlockBeats News, December 26th, CryptoQuant analyst Joo Hyun Ryu stated that the "Kimchi Premium" reached a local high of 5.12, indicating strong demand for Bitcoin from Korean investors.
Ryu explained: "However, the sharp correction in the market this time seems to be attracting new investors. Data shows that the proportion of short-term holders (STH, holding period of less than three months) has increased by 3 percentage points in just one week." (CryptoNews)
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