PANews reported on February 3 that according to The Block, affected by concerns about Trump's tariff war, CryptoQuant data showed that South Korea's Bitcoin "Kimchi premium" soared to 9.7% at 2 a.m. on February 3, setting a 10-month high since April 2024.
Min Jung, an analyst at Presto Research, said the kimchi premium, which historically has remained around 5%, usually rises during bull markets but can also surge during panic selling, as selling pressure on South Korean exchanges is lower than in global markets.
