PANews reported on November 24 that according to Yahoo Finance, Sean Farrell, head of digital asset strategy at Fundstra, said in his latest client report that "friends and family" are asking about cryptocurrencies again. Judging from quantifiable market indicators, the current situation does not show the bubble of the March rebound or the cyclical peak at the end of 2021. For example, the current kimchi premium indicator data in the Korean market is about 0%, indicating a lack of over-excitement among Korean traders. Normally, if the market reaches its peak, the kimchi premium will soar to more than 10%. The rise in the past week should not be regarded as a purely speculative boom, and Bitcoin may still have room to rise.
Fundstrat Digital Asset Strategy Director: The current premium of Korean kimchi is about 0%, which may indicate that BTC still has room to rise
- 2024-11-24
Trump's Commerce Secretary nominee Lutnick's company is in talks with Tether to launch a $2 billion Bitcoin loan program
- 2024-11-24
BNB breaks through 685 USDT, up 2.1% in 24 hours
- 2024-11-24
DWF Labs deposited 1.68 million LIT to Binance 1 hour ago, worth $1.46 million
- 2024-11-24
Yu Xian: Solana and Tron have a mechanism of "fishing without taking private keys, changing the owner with one signature", don't believe the claim that it can be restored
- 2024-11-24
A smart money spent 5 SOLs to buy WOULD today, and has now accumulated a profit of 220,000 US dollars
- 2024-11-24
Next week's macro outlook: Bitcoin continues to hit $100,000, PCE and the Fed meeting minutes are coming