The kimchi premium refers to the percentage difference of the value of bitcoin in South Korea versus the rest of the world. It occurs as a result of how the market is regulated in Korea.
March 1st’s high of 10.32% is the highest the kimchi premium has been since late May of 2021.
Interestingly, on March 1st, Mars transited exactly where Saturn transited in late May 2021 when the kimchi premium last reached these levels.
The kimchi premium seems to be exhibiting indications for a downward correction and subsequent upward surge, which I detail in the BITCOIN BTC 2024 PREDICTIONS book.
