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Fundstrat digital asset strategist: Currently, the Kimchi Premium in South Korea is about 0%, which may indicate that BTC still has rise space

2024-11-24 08:36:08

BTC1.58%

According to a recent client report by Sean Farrell, Fundstra's digital asset strategy director, 'fren and family' have started asking about Cryptocurrency again. From quantifiable market indicators, the current situation does not show a bubble like the March Rebound or the end-of-year cyclical peak in 2021. For example, the Kimchi Premium indicator data in the Korean market is currently around 0%, indicating that Korean traders lack excessive excitement. Normally, when the market reaches its peak, Kimchi Premium will soar to more than 10%. The pump in the past week should not be seen as a purely speculative boom, and BTC may still have room to rise.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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ABABBABA

· 2024-11-24 10:03

Ambush 100x coin 📈

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