On July 20, Bitcoin in the South Korean market experienced a reverse kimchi premium of-1.05%
As of 0:00 midnight Korean Standard Time on July 20, the transaction price of Bitcoin on the South Korean Upbit Exchange was 95 million won, down 0.51% from the previous trading day. On the global trading platform Binhang, the price of Bitcoin is converted to 96.01 million won. There is a negative price difference of about 1.01 million won between the two, forming a reverse kimchi premium of-1.05%.
Mainstream altcoin Ethereum recorded a reverse kimchi premium of-0.99%. Other major altcoins also trade at prices lower than the global market, with Solana at-1.03%, XRP at-1.02%, Dogecoin at-1.81% and Sui at-0.97%. Currently, the reverse kimchi premium of most mainstream altcoins remains in the range of-0.9% to-1.8%.

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