On August 9, South Korean Bitcoin experienced a reverse kimchi premium of-0.42%
As of 0:00 a.m. Korean Standard Time on August 9, the trading price of Bitcoin (BTC) on the South Korean Upbit Exchange was 91.53 million won, an increase of 0.21% from the previous trading day. On global exchanges, the price of BTC is 91.91 million won, and there is a negative price difference of 380,000 won between the two, forming a reverse kimchi premium of-0.42%.
Mainstream altcoin Ethereum (ETH) recorded a reverse kimchi premium of-0.44%. Other major altcoins are also generally lower than global prices, including Solana (SOL) at-0.61%, XRP (XRP) at-0.43%, Dogecoin (DOGE) at-0.55%, and Sui (SUI) at-0.46%. Currently, the reverse kimchi premium for most mainstream altcoins is in the range of-0.4% to-0.6%.

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