Bitcoin trades at a discount in Korea. Bottom signal or dump signal? Across 20 past cases, neither.
Upbit has priced BTC under the rest of the world for 8 straight days, through a 10% rally. Yesterday: −192.8 bp. Only 125 days since Sep-2017 were this deep.
The test: every time the gap first sank below −150 bp after a quiet month. 20 cases with a month of tape after. A month later BTC was higher in 11. Any day in those years: 54 in 100.
Since 2022 it leaned red: 5 of 7 lower a month on. Three months on, 4 of 7 were higher.
It tells you what Seoul is paying, not where price goes.
Day by day: askthetape.com/m/korea-premium
#WallStreetEarningsRevisionsTurnBearish #BCHJumps28%OnCMEFuturesListing #AIStocksWhatNext
Upbit has priced BTC under the rest of the world for 8 straight days, through a 10% rally. Yesterday: −192.8 bp. Only 125 days since Sep-2017 were this deep.
The test: every time the gap first sank below −150 bp after a quiet month. 20 cases with a month of tape after. A month later BTC was higher in 11. Any day in those years: 54 in 100.
Since 2022 it leaned red: 5 of 7 lower a month on. Three months on, 4 of 7 were higher.
It tells you what Seoul is paying, not where price goes.
Day by day: askthetape.com/m/korea-premium
#WallStreetEarningsRevisionsTurnBearish #BCHJumps28%OnCMEFuturesListing #AIStocksWhatNext
