Bitcoin is experiencing a negative premium due to the pickle situation, which is affecting the Bitcoin price.

It may also be influenced by South Korean President Yoon Suk-yeol's announcement of a state of emergency, with a serious negative premium for Bitcoin on the Upbit platform, reported at $89,500.

The Bitcoin price on the Upbit platform has a serious negative premium, currently reported at $89,500

https://chainalert.me/quick/news/62f5f8

According to previous reports, South Korean President Yoon Suk-yeol suddenly delivered a televised address tonight, announcing the implementation of an "emergency martial law." Yoon cited several reasons, claiming that the opposition party is dragging the National Assembly and disrupting the country, stating that he will purge domestic "anti-national forces" in South Korea. The specific measures of the martial law are currently unknown.

External analysis suggests that the recent push by the opposition party in South Korea for a series of legislation targeting the president's wife and the impeachment of public officials such as prosecutors may have triggered Yoon Suk-yeol's announcement of "emergency martial law."