Fundstrat Digital Asset Strategy Director: The current premium of Korean kimchi is about 0%, which may indicate that BTC still has room to rise

PANews reported on November 24 that according to Yahoo Finance, Sean Farrell, head of digital asset strategy at Fundstra, said in his latest client report that "friends and family" are asking about cryptocurrencies again. Judging from quantifiable market indicators, the current situation does not show the bubble of the March rebound or the cyclical peak at the end of 2021. For example, the current kimchi premium indicator data in the Korean market is about 0%, indicating a lack of over-excitement among Korean traders. 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 regarded as a purely speculative boom, and Bitcoin may still have room to rise.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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