The Bitcoin Korea Premium Index is a useful tool for understanding the sentiment of the crypto space. It measures the difference in price between Bitcoin listed on Korean crypto exchanges and global platforms, with a positive value representing greater buying pressure from Korean investors and a negative showing suggesting a greater rate of selling. Looking at recent trends, the indicator tends to be positive during hikes, implying that Korean investors may have had a dominant role in maintaining the asset’s upward momentum. Conversely, the red values have often seemed to act as a form of resistance to the asset’s highs and have been seen prior to the major dips it has gone through in the last few months. As of now, the index has once again turned negative and the asset has again seen plunging prices, but it’s still unclear what the result of this shift in sentiment will eventually be.
Nicole Gomez
- 2023-04-19
Analyzing the Bitcoin Korea Premium Index
Understand the Bitcoin Korea Premium Index and its implications on crypto markets. Find out how it can help measure market sentiment, the influence it has had on Bitcoin value and more.
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