kimchi premium

Bitcoin

2026-08-25 16:18:00

Analyst Says Bitcoin Still Needs One Last شرط for a Broad Rally, With Hyperliquid Whale on Watch

BlockBeats reported on Aug. 26 that crypto analyst CW said Bitcoin needs three conditions before a broad rally can begin: a Hyperliquid whale turning bullish, a Bitfinex whale completing BTC long-position accumulation, and the disappearance of negative Kimchi premium and negative Coinbase premium. CW said two of those conditions have already been met. The market’s next focus is whether the Hyperliquid whale flips long, which CW said could act as a catalyst for a new Bitcoin leg higher. CW also noted that the view is his personal opinion, and that premium swings and whale-position changes are typically only reference signals for market sentiment and fund flows.

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Korea crypto

2026-08-24 16:55:08

XRP Tops Upbit Trading Volume as Korean Retail Money Rotates Into Crypto

Techub News says Korean retail investors have recently taken profits from tech stocks and rotated into the crypto market. On Upbit, the XRP/KRW pair recorded $319 million in daily trading volume, accounting for 21.86% of the exchange’s activity and surpassing Bitcoin, Ethereum and Tether. The report also says the rotation has continued since last Friday, when Upbit’s daily turnover jumped 250% to $1.8 billion. Korea’s “kimchi premium” is now around -0.5%, indicating local prices are roughly in line with global levels. U.Today is cited as saying local trading volume may be a major driver of XRP’s global price moves.

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Bithumb

2026-07-24 09:25:16

Bithumb Error Dispatches $44B in BTC, Triggering 17% Flash Crash on Korean Exchange

A routine marketing event at Bithumb went haywire when an employee selected Bitcoin instead of Korean won as the reward unit, sending 620,000 BTC ( $44B) to users. The resulting sell-off crashed Bithumb's BTC price by 17%, creating a rare reverse Kimchi premium. Over 99.7% of funds were recovered.

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Ether.fi

2026-07-24 09:00:16

ETHFI Surges 15% on Upbit Listing, Arthur Hayes Suspected of Preemptive Buyback of 132,730 Tokens

Upbit's listing of ETHFI/KRW pair sent the token price up 15% within 15 minutes. On-chain data shows Arthur Hayes received 132,730 ETHFI from Anchorage Digital hours before the listing, after dumping 2.15 million ETHFI last month at a lower price.

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South Korea c

2026-07-22 02:02:40

Why Korean Exchanges See Outsized Listing Pops: 85% of Trading Flows to Altcoins

South Korea’s crypto market runs on a structure that looks almost inverted relative to major global venues. In the period cited in the source article, Bitcoin accounted for just 9% of trading in Korea, while 85% of volume went to altcoins and newly listed tokens. Upbit and Bithumb, the country’s two dominant exchanges, together controlled nearly 96% of trading, with a retail-heavy user base driving much of the activity. The article argues that four structural constraints help explain the pattern: no legal domestic crypto derivatives, capital controls that keep out overseas market makers and arbitrage desks, a narrower listing universe, and a market culture shaped largely by retail traders rather than institutions. That setup has produced a distinct “KRW listing premium.” Newly added tokens on Upbit and Bithumb have repeatedly posted sharp moves in both price and volume, while Korea’s closed fiat rails and local order flow have made those moves harder to arbitrage away. Still, the effect fades over time. The source says most tokens lose the bulk of their liquidity within 10 to 15 weeks of listing, and only a minority retain more than 10% of peak trading activity after 51 weeks. The result is a market where listing-day enthusiasm can be intense, but long-term liquidity is far more selective.

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South Korea

2026-07-17 02:19:13

Dovey Wan says South Korea may be one of the clearest top signals for global risk assets

Primitive Ventures founding partner Dovey Wan said in a post on X that South Korea may be one of the clearest indicators of late-cycle conditions in global risk assets. She linked that view to a pattern seen across crypto cycles, from the so-called kimchi premium to the current rush into “memory stocks.” According to Wan, the signal is not only about highly speculative local retail traders, but also about a market structure that amplifies that behavior. She pointed to South Korea’s launch of single-stock leveraged products on May 27, saying the underlying asset had already been rising at an almost vertical pace by that point. In her view, the timing matters: when leverage tools are added to the hottest names in an already crowded domestic market during a reflexive melt-up, the product launch itself can help mark a top. She added that in past crypto cycles, Korean exchanges often listed assets only after they had already gone parabolic elsewhere, leaving local retail traders as the final exit liquidity.

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South Korea c

2026-07-09 01:50:12

South Korean Investors Withdraw Over $41 Billion from Crypto in a Year, Bitcoin Crash Fuels Stock Market Exodus

Bank of Korea data reveals South Korean investors' crypto holdings plummeted over 50% from $82.76B to $41.17B within 12 months, trading volume crashed 70%, and funds shifted to equity markets. Stablecoin demand surged as won weakness and Bitcoin price decline triggered a capital migration.

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South Korea c

2026-07-09 01:48:13

South Korean Investors Withdraw $41 Billion from Crypto Market as Bitcoin Slump Fuels Stock Influx

South Korea's cryptocurrency holdings plummeted over 50% in a year, from $82.76B to $41.17B, as daily trading volumes collapsed 70%. Capital shifted heavily to equities and stablecoins, with Bitcoin dropping below $80,000.

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