Bitcoin premium rate in South Korea returns to over 2% level

According to Golden Finance, the premium rate of Bitcoin in South Korea has returned to a level of over 2%. According to data from Cryptoquant. com, Bitcoin has resumed premium trading in the past ten days after briefly falling below the global average in South Korea on April 9th, reaching a peak premium of 2.97% on April 15th. As of 7pm on April 19th, the global average price of Bitcoin was $85246, while the Bitcoin quotes on the major Korean exchanges Upbit and Bithumb were 1.65% and 1.73% higher than the global average, respectively. This historically usually indicates sustained capital inflows and broader market gains. At the same time, Cryptoquant. com's Coinbase Premium Index is currently showing a discount status, indicating relatively weak demand from US traders. Due to the fact that the US dollar and the Korean won are the main legal tender channels for Bitcoin, their opposite price signals have a significant impact on global price discovery. When these two hubs diverge, the tension between discount and premium will shape the overall trend of Bitcoin, rather than directly offsetting bullish or bearish signals.