Despite Bitcoin’s recent price increase, the Korea Premium continues its downward trend. The Korea Premium refers to the price difference between Korean and international exchanges, and its decline suggests that the current price rally is being led by global markets rather than domestic ones.
This reflects a weakened investment sentiment among Korean investors toward cryptocurrencies. Even those who are still active in the market seem to be focusing more on altcoins than on Bitcoin.
In 2021, the Korea Premium surged as high as 20%, but its peaks have since been gradually decreasing. With the approval of U.S. spot Bitcoin ETFs and increasing purchases of Bitcoin by companies and nation-states, the chances of seeing such high premiums again are slim.
Therefore, even if the Korea Premium rebounds, levels around 10%—which would have been considered modest in previous cycles—should now be viewed as relatively high. This shift highlights that market leadership is moving away from Asian retail investors and toward global institutional players.
Written by Avocado_onchain
