Data: The Bitcoin premium recently rose to 1.98%, the highest level since the end of February.

CoinFeed reported on May 11 that, according to Cryptopolitan, the premium for Bitcoin on South Korean exchanges rose to 1.98% on May 7, the highest level since the end of February. This indicator, measured by CryptoQuant's Korea Premium Index, measures the price difference between Bitcoin on South Korean exchanges and the global volume-weighted average price. After the outbreak of the US-Iran conflict in early March, the index fell to a discount of -2.27%, and this rebound indicates a recovery in demand from South Korean buyers. Currently, based on Upbit's price and the global volume-weighted average price, the premium has fallen back to 0.77%.