Fundstrat Digital Asset Strategy Director: The current premium of Korean kimchi is about 0%, which may indicate that BTC still has room to rise
Sean Farrell, the head of digital asset strategy at Fundstrat, stated in the latest client report that "friends and family" are starting to inquire about cryptocurrencies again. From quantifiable market indicators, the current situation has not shown the bubble of the March rebound or the cyclical peak at the end of 2021. For example, the kimchi premium indicator data in the South Korean market is currently about 0%, indicating that South Korean traders lack excessive excitement. Normally, if the market reaches its peak, the kimchi premium will soar to more than 10%. The rise in the past week should not be viewed as a pure speculative boom, and Bitcoin may still have room to rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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