On July 9, Bitcoin appeared a reverse kimchi premium of-1.44% in the Korean market.
As of 12:00 midnight Korean Standard Time on July 9, Bitcoin (BTC) was quoted on the South Korean Upbit Exchange was 92.51 million won, down 2.55% from the previous trading day. On the global trading platform Binhang, the BTC price is 93.86 million won, there is a negative price difference of 1.35 million won between the two, and the reverse kimchi premium is-1.44%.
Mainstream altcoin Ethereum (ETH) recorded a reverse kimchi premium of-1.51%. Other major altcoins are also lower than global prices, including Solana (SOL) at-1.46%, XRP (XRP) at-1.38%, Dogecoin (DOGE) at-1.85%, and Sui (SUI) at-1.47%. Currently, the reverse premiums of most mainstream altcoins are concentrated between-1.4% and-1.8%.

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