Data: The Bitcoin kimchi premium recently rose to 1.98%, the highest level since the end of February

According to Cryptopolitan, the kimchi premium for Bitcoin on South Korean exchanges has risen to 1.98%, the highest level since the end of February.

This metric measures the price difference between Bitcoin on South Korean exchanges and the global volume-weighted average price through CryptoQuant's Korean premium index. After the outbreak of the US-Iran conflict in early March, this index fell to a discount of -2.27%, and this rebound indicates a resurgence in demand from South Korean buyers. Currently, calculated using the Upbit price and the global volume-weighted average price, the premium has fallen back to 0.77%.