Head of Digital Asset Strategy at Fundstrat: The current Korean kimchi premium is around 0%, indicating that BTC still has room to rise
2024-11-24 08:36:24
Fundstra digital asset policy supervisor sean farrell client reportdesk3cryptocurrencydesktopCrypto News
Sean Farrell, head of digital asset strategy at Fundstra, said in the latest client report that "friends and family" are starting to ask about cryptocurrencies again. From the perspective of quantifiable market indicators, the current situation does not show a bubble that rebounded in March or a cyclical peak in late 2021. For example, the current kimchi premium indicator data in the Korean market is about 0%, indicating that Korean traders lack excessive excitement. Normally, if the market reaches a peak, the kimchi premium will soar to more than 10%. The rise in the past week should not be regarded as a mere speculative boom. Bitcoin may still have room to rise.
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