The increase in short-term holders (STH) with assets aged under three months is primarily attributed to institutional investors or new whales, rather than retail investors. This is evidenced by changes in whale balances, which support a steady rise in Bitcoin prices.
Despite this bullish price movement, the Korean market remains subdued, as reflected by the negative “Korean premium,” indicating limited participation from Korean investors. The memory of the last all-time high (ATH) in March continues to cause hesitation among Korean investors, preventing them from fully engaging in the current bull market. However, If they wish to ride on the ongoing market rally, they must act promptly to avoid missing out. The ship is not waiting.
Written by joohyun ryu
