Kimchi premium recovers as KRWUSD drops to 15-year low
As the won depreciates, economic and political uncertainty in South Korea widen the kimchi premium gap.
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📖 α Weekly Research
Kimchi premium recovers as KRWUSD drops to 15-year low
As the won depreciates, economic and political uncertainty in South Korea widen the kimchi premium gap.
Bitcoin options OI hits $44B as futures trading cools
Traders have pivoted to options as Bitcoin encountered resistance at $99,000.
α Top Insights
📖More α Research
Drop in OTC balances shows large investors are accumulating discounted Bitcoin
The sharp drop in OTC balances shows large investors are leveraging the dip to accumulate Bitcoin.
Bitcoin tumbled to $95k after $540 million in long liquidations
Long liquidations highlight the peril of overleveraged trading as Bitcoin's rapid decline shatters key support levels.
Options traders bet big on Bitcoin reaching $120K despite low odds
High open interest at $120,000 strike price shows the market is betting on a big finish for Bitcoin in 2024.