[Bitcoin rise revives, Korean retail investor sentiment "Kimchi premium" reappears] On September 1, Bitcoin once again experienced a premium in South Korea, and the rise in cryptocurrency prices revived risk appetite in this closely watched retail market. The “kimchi premium,” or the difference in Bitcoin prices between South Korea and international exchanges, is seen as an important barometer of retail investor sentiment in Asia. BTC Markets analyst Rachael Lucas said that in the past, the reappearance of the “pickle premium” has been a precursor to further Bitcoin gains. Korean retail investors typically buy aggressively during periods of rising risk appetite, and capital controls mean their buying manifests as spreads rather than arbitrage flows. "