## Kimchi Premium Dips into Negative Territory The Kimchi Premium, an indicator of the difference in Bitcoin (BTC) prices between South Korean exchanges and international markets, has turned negative, recording -0.1%. This suggests Bitcoin is currently slightly cheaper in South Korea than on global platforms. Currently, on Upbit, a prominent South Korean exchange, BTC is trading at ₩133,442,000. Binance, a leading international exchange, lists Bitcoin at ₩133,611,812. Factoring in a USDT (Tether) exchange rate of ₩1,434, the difference translates to -₩169,812. A negative Kimchi Premium indicates that demand for Bitcoin in South Korea might be lower than the global average or that there is increased selling pressure within the Korean market. This is a notable shift, as the Kimchi Premium often sees significantly higher prices in South Korea due to strong local demand. Investors should monitor this trend closely, as it can signal potential changes in market sentiment. ```

#BTC #USDT