According to Kaiko's recent research report, bitcoin briefly traded at a discount of around 1% in the South Korean market last week, the second time since September. Historically, Bitcoin has traded at a premium of up to 50% in the Korean market due to South Korea's unique regulatory framework restricting cross-border capital transfers by foreign users. In March this year, as BTC hit a record high, the "Korean market premium" soared to 10% before falling back to 1-2% in the summer. Notable...
The Bitfinex Alpha analysis report shows that the bitcoin price fell more than 11% last week from the high of $66,587 at the end of September to the low of $58,943 on October 10 under the influence of the heavy sell-off in the cash market. At present, the selling pressure has eased and the bitcoin price has quickly rebounded. The on-chain indicator shows that the actual price of short-term holders (about $63,000) is the key resistance level. If bitcoin can break through this level, it may indica...