South Korea's Bitcoin "Kimchi Premium" recently fell below 1% and then rebounded, which may indicate increased demand. 0x News reported that South Korea's Bitcoin "Kimchi Premium" fell below 1% after approaching 10% in mid-April, and the premium is currently rebounding. After hitting a low of 0.62% on June 4, when global prices were nearly identical, the premium climbed to 3.42% as of June 6, CryptoQuant data shows. The analysis pointed out that under normal circumstances, this indicates increased demand in South Korea, which may push the price of Bitcoin higher in the short term. Additionally, CoinMarketCap’s archived data from June 9 shows that Bitcoin is trading at $69,288 globally, while on Upbit, the price is 2.658% higher at $71,130. Bithumb, Coinone, and Korbit also saw similar premiums. Ethereum also has a premium of 2.69%, with a price of $3,679 globally and $3,778 on Upbit and other platforms. https://news.bitcoin.com/bitcoin-premium-in-south-korea-increases-reflecting-strong-local-demand/