MAC_D
BTC Korea Premium Positive, Coinbase Premium Negative, Suggesting a Short-Term Correction
The historical chart shows that when the Korea Premium overheats by more than 3% and the Coinbase Premium turns negative, it means that US investors are selling and South Korean investors are buying Bitcoin competitively. In this case, it signaled a short-term correction in a bull market and the start of a bear market at the top. However, we are currently in a recovery or bull rally phaise, so a short-term correction is more likely. Additionally, with three such signals in a row since mid-December, we believe that increased deposits into Bitcoin exchanges by whale investors and miners, as well as investors selling GBTC ETFs, are increasing the likelihood of a pullback and sideways movement in the near term, rather than an increase in price.