On July 19, Bitcoin showed a reverse kimchi premium of-0.65% in South Korea
As of 12 midnight Korean Standard Time on July 19, Bitcoin (BTC) was quoted on the South Korean Upbit Exchange at 94.73 million won, up 0.46% from the previous trading day. On the global trading platform Binhang, the price of BTC is 95.35 million won, there is a negative price difference of 620,000 won between the two, and the premium for reverse kimchi is-0.65%.
Ethereum (ETH), a mainstream altcoin, recorded a reverse kimchi premium of-0.57%. Other major altcoins also trade at levels below global prices, with Solana (SOL) at-0.60%, XRP (XRP) at-0.62%, DOGE (DOGE) at-0.41% and Sui (SUI) at-0.47%. Currently, the reverse kimchi premium of most major altcoins remains within the range of-0.4% to-0.6%.

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