[Economy 365]
The phenomenon known as the "reverse Kimchi premium," where Bitcoin trades at a lower price in South Korea than overseas, is becoming prolonged.
According to CryptoQuant, domestic Bitcoin prices averaged 0.48% lower than those on overseas exchanges from the first of this month through the 9th.
Out of 221 days this year, 123 days recorded a reverse Kimchi premium.
From June 20 to July 24, the streak continued for 35 consecutive days, breaking the record for the longest duration ever.
Typically, strong domestic investment demand creates a "Kimchi premium" where local prices are higher, but the reverse phenomenon has recently become frequent.
Experts analyzed that this is driven by local investors shifting funds amid a booming stock market and a decrease in new capital inflows into the virtual asset market.
*This article was produced with AI audio.
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.