BlockBeats news, CryptoQuant analyst Joo Hyun Ryu pointed out that the 'kimchi premium' in the South Korean market has reached a local high of 5.12, indicating strong demand for Bitcoin among South Korean investors. Despite the market experiencing a sharp adjustment, this seems to have attracted the attention of new investors. On-chain data shows that the proportion of short-term holders (STH, holding time less than three months) increased by 3 percentage points within a week, indicating that market vitality is strengthening.