On December 26, news reported that CryptoQuant analyst Joo Hyun Ryu stated that during the recent market downturn, speculative short-term holders increased their exposure to Bitcoin, particularly driven by demand from South Korea. The 'kimchi premium,' which measures the price gap between South Korean exchanges and others, reached a local high of 5.12, indicating strong local demand. The rising purchasing interest among South Korean investors suggests an optimistic outlook for Bitcoin in the region, despite mixed signals from the global market. Previously, it was reported that South Korean cryptocurrency investors surpassed 15 million in November. According to data submitted by the Bank of Korea, as of the end of November, a total of 15.59 million South Koreans had accounts at the country's five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX).

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