Korea's Crypto Frenzy: Bitcoin Premiums Hit the Roof, Signaling Retail Investor Surge! In the heart of South Korea's vibrant crypto scene, the Korea Premium Index (KPI) is taking center stage as the ultimate mood indicator! CryptoQuant reveals that the 'Kimchi Premium,' measured by the KPI, is painting a fascinating picture of the market sentiment in this crypto-savvy nation.
The KPI, a beacon of insight, acts as a crypto weather vane, with higher values indicating a bullish market full of retail investors flexing their buying power on local exchanges. This surge in demand propels crypto prices to new heights within South Korea, creating a thrilling wave of excitement!
On the flip side, a lower KPI signals a bearish undertone, hinting at a potential rise in selling activity. The 14-day moving average for the Korean Premium Index is echoing levels reminiscent of Bitcoin's peak in late 2021, adding an intriguing layer to the current market narrative.
Source
https://t.me/CryptoNewsSource
