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Fundstrat digital asset strategist: Currently, the Kimchi Premium in South Korea is about 0%, which may indicate that BTC still has rise space
According to a recent client report by Sean Farrell, Fundstra's digital asset strategy director, 'fren and family' have started asking about Cryptocurrency again. From quantifiable market indicators, the current situation does not show a bubble like the March Rebound or the end-of-year cyclical peak in 2021. For example, the Kimchi Premium indicator data in the Korean market is currently around 0%, indicating that Korean traders lack excessive excitement. Normally, when the market reaches its peak, Kimchi Premium will soar to more than 10%. The pump in the past week should not be seen as a purely speculative boom, and BTC may still have room to rise.