There are significant differences in the behavior of Bitcoin investors between the US and Korean markets. Bitcoin has experienced a sharp correction amid growing global uncertainty driven by widening US-China trade tensions, but recent signs have shown stabilization.
Interestingly, Coinbase Premium is a metric that reflects the price difference between Bitcoin against Coinbase and global exchanges, showing signs of recovery.
After tightening a series of low and higher lows since March 2024, premiums have recently begun to rise. This activity coincides with the modest rebounds of Bitcoin and the signal that Coinbase traders may be ahead of the broader market shift.
Meanwhile, the Korean Premium Index draws more careful pictures. Typically, metrics with increased activity among Korean retail investors remained a downtrend throughout the revision, and we have seen delays after Bitcoin has already recovered. This lag shows that it has waned enthusiasm from Korean investors compared to previous cycles.
Contrasting behavior highlights changing market impacts, and Western platforms like Coinbase are currently leading price discovery. So, Cryptoquant said that while South Korea’s premium may serve as a lagging indicator in this cycle, Coinbase Premium can provide future-looking insights into demand trends.
Despite the continued macroeconomic headwinds, Enhanced Coinbase Premium suggests increased confidence and the potential for a long-term recovery from the mid-term Bitcoin trajectory.
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