The Kimchi Premium, which refers to the higher cryptocurrency prices in Korea compared to overseas markets, has narrowed to around 0.06%.
As of 8:07 AM on July 25th, according to DataMaxiPlus, the Kimchi Premium (Upbit-Binance) recorded 0.06%.
This is a slight rebound from the previous day's -0.37%. Major altcoins such as Ethereum, Solana, and Doge are maintaining a sideways trend between -0.14% and 0.12%, continuing a mild price difference between domestic and international markets. While global markets continue to rebound, domestic buying pressure is experiencing repeated adjustments and recoveries in a relatively stable flow.
Kimchi Premium Status by Coin
Bitcoin (BTC): $118,311 / 161,066,000 won / +0.06%
Ethereum (ETH): $3,658 / 5,048,000 won / +0.00%
Solana (SOL): $250.02 / 249,375 won / +0.07%
XRP: $3.13 / 4,288 won / -0.14%
Doge: $0.23 / 317.0 won / +0.02%
The Kimchi Premium is a price disparity phenomenon where cryptocurrency prices are higher or lower on Korean exchanges compared to overseas markets. The current level shows that domestic investors are moving somewhat in sync with global trends. The premium reduction reflects transaction prices closer to global rates, indicating a balance in supply and demand rather than excessive volatility.
Bitcoin Technical Analysis
According to Bollinger Bands, the upper band is at $123,486, the lower band at $102,842, and the center line at $113,164 (20-day moving average).
Bitcoin is currently trading around $118,311, above the center line. This suggests that short-term buying pressure is maintained, with a somewhat valid possibility of approaching the upper band. However, the upward momentum is gradual, with a wait-and-see attitude at psychological resistance levels.
Technically, breaking the upper band ($123,486) could lead to a strong upward trend, but short-term adjustments cannot be ruled out if overbought pressure accumulates. Caution is needed if the center line ($113,164) is breached, with the possibility of a directional change, and a correction down to the lower band ($102,842) remains open.
The RSI (Relative Strength Index) is at 67.49, strongly rebounding from 22.41 the previous day. This indicates a clear re-entry of buying pressure, approaching the overbought zone (above 70), with the key point being whether it can break through the short-term box's upper limit.
The recovery of RSI to the mid-to-late 60s suggests that short-term upward potential is still valid, with the settlement above the center line expected to be a turning point for future strength.
[This article does not provide financial advice, and the investment results are the sole responsibility of the investor.]
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