Report: Bitcoin was recently traded at a 1% discount in South Korea, marking the second discount since September

Odaily Planet Daily News: Kaiko stated in a recent report that Bitcoin briefly traded at a discount of around 1% in the South Korean market last week, marking the second discount since September. Historically, due to South Korea's unique regulatory framework that restricts cross-border capital transfers by foreign users, the transaction premium of Bitcoin in the South Korean market has reached as high as 50%. In March of this year, as BTC hit a historic high, the "kimchi premium" soared to 10% at one point, and then fell back to 1-2% in the summer. It is worth noting that the previous negative premium for kimchi often indicates a broader rebound in the cryptocurrency market. However, this time, market uncertainty remains high, especially during the upcoming US election period.