Bitcoin is trading on Korean exchanges at the steepest discount since October 2023, according to CryptoQuant. The analytics firm’s Bitcoin Korea premium index, which measures the price gap between Korean and offshore exchanges, slid to negative -0.55, a sign that bitcoin has fallen out of favor in the country.
CoinDesk's Christine Lee presents the "Chart of the Day."The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. Bitcoin is trading on Korean exchanges at the steepest discount since October 2023.
According to crypto quant, the analytics firms, Bitcoin Korea premium index which measures the price gap between Korean and offshore exchanges slid to negative 0.55. A sign that Bitcoin has fallen out of favor in the country. Data track by 10 X. Research shows that traders have shifted from Bitcoin Korean Wan pair to old coins like UX link CKB arc and pendle. That's it for today's chart of the day. I'm Christine Lee.
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