South Korea's Bitcoin market reproduces a reverse kimchi premium
On July 25, Bitcoin recorded a reverse kimchi premium of-0.81% in the South Korean market. As of 12:00 midnight Korean Standard Time on July 25, the trading price of Bitcoin on the Upbit Exchange in South Korea was 93.65 million won, down 1.78% from the previous day. On the global trading platform Binhang, the price of Bitcoin is quoted at 94.41 million won, a difference of about 760,000 won, forming a reverse kimchi premium of-0.81%.
The mainstream altcoin Ethereum also has a reverse kimchi premium of-0.86%. Other major altcoins are also generally lower than the global market price, including Solana at-0.78%, XRP at-0.77%, Dogecoin at-0.48%, and Sui at-0.71%. Currently, the reverse kimchi premium for most mainstream altcoins is in the range of-0.4% to-0.8%.

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