CoinVoice has recently learned that CryptoQuant analyst Joo Hyun Ryu stated that the 'kimchi premium' reached a local high of 5.12, indicating that the demand for Bitcoin among Korean investors is very strong.

Ryu explained, 'However, this sharp market adjustment seems to be attracting new investors, as data shows that the proportion of short-term holders (STH, holding for less than three months) increased by 3 percentage points in just one week.' [Original link]