According to recent reports from COINOTAG News on December 26th, prominent CryptoQuant analyst Joo Hyun Ryu highlighted a significant surge in the Kimchi Premium, which has reached a noteworthy local high of 5.12. This rise indicates a robust demand for Bitcoin among South Korean investors. Ryu pointed out that the current market correction appears to be provoking interest from new participants. Notably, data indicates an uptick in the proportion of short-term holders (STH)—defined as those holding for less than three months—which has escalated by 3 percentage points within a week. This shift in market behavior may suggest an evolving landscape, driven by increasing investor engagement in cryptocurrency markets.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024