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How a new Bitcoin ATH might be triggered by the Kimchi Premium
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ambcrypto.comBitcoin has been comfortably resting above the $61,500-mark, with the larger market rejoicing at the crypto’s uptrend over the past few weeks. However, this wasn’t a moment to rejoice for one section of traders who saw their profits dwindle. Notably, in spite of the bullish momentum, the Kimchi Premium or the Korea Premium Index has been trading at all-time low levels.
So, what’s this complicated relationship between the Korea Premium and BTC’s price, and can the same predict Bitcoin’s momentum?
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