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Bitcoin in the South Korean market was recently traded at a discount of 1%, the second discount since September

According to online reports, according to Kaiko's recent research report, Bitcoin was briefly traded in the South Korean market at a discount of around 1% last week, the second discount since September. Historically, due to South Korea's unique regulatory framework that restricts cross-border capital transfers by foreign users, Bitcoin's transaction premium in the Korean market has been as high as 50%. In March this year, as BTC hit a record high, the "South Korean market premium" soared to 10%, and then fell back to 1-2% in the summer. It is worth noting that previous situations where the "South Korean market premium" were negative often indicate a rebound in the broader cryptocurrency market. This time, however, market uncertainty remains high, especially during the upcoming U.S. election.

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