Data: South Korea's Bitcoin premium returns to 2%, hitting a new high since the US-Iran conflict

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ME News, May 10 (UTC+8). CryptoQuant data shows that the Bitcoin premium in the South Korean market has recently risen back to about 2%, reaching a new high since the outbreak of the US-Iran conflict. The “Kimchi premium” in the South Korean market is mainly driven by local demand. Due to capital controls and KYC requirements based on residency status, South Korea’s crypto market has long remained relatively independent from the global market. Data shows that in 2025, the price of Bitcoin in South Korea was above the global volume-weighted average price (VWAP) for most of the time. After BTC broke the $126,000 all-time high in October 2024, the premium once climbed to 8.27%. After the Middle East conflict erupted in mid-2026, volatility in South Korea’s market increased significantly. In early March, it briefly fell to a discount of about 2.27%, and then the market continued to fluctuate. (Source: ChainCatcher)

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