Opinion: Currently, the premium on Korean Kimchi is about 0%, which may indicate that BTC still has room to rise

Sean Farrell, the head of digital asset strategy at Fundstra, said in the latest client report that "friends and family" have started asking about cryptocurrencies again. From quantifiable market indicators, the current situation does not show a bubble like the rebound in March or cyclical peak at the end of 2021. For example, the current Kimchi premium index data for South Korea's market is approximately 0%, indicating a lack of excessive excitement among Korean traders. Usually, if the market reaches its peak, kimchi premiums would surge to more than 10%. The rise over the past week should not be seen as purely speculative prosperity; Bitcoin may still have room to grow.