Historically, the Korea Premium Index often dips into negative territory at the beginning of a bullish trend.
This reflects Korean investors' hesitation a result of being conditioned by fear making them skeptical of trend reversals to the upside.
Conversely, right before a major bearish reversal, the Korea Premium tends to spike.
This signals irrational FOMO-driven buying, often seen at euphoric tops a harbinger of incoming market collapse.
As of now, the premium remains low.
This suggests we may still have some time before a major market breakdown.
Written by crypto sunmoon
