According to BlockBeats, recent data from CryptoQuant reveals that the current Bitcoin premium in South Korea has reached 10%, marking the highest level in nearly two years. The South Korean premium index, also known as the 'Kimchi Premium,' is a pure retail FOMO (Fear of Missing Out) indicator, as the country does not have any notable cryptocurrency funds and has very strict capital control policies.
The increase in the Bitcoin premium in South Korea indicates a growing interest in the cryptocurrency among retail investors in the country. The strict capital control policies in South Korea make it difficult for institutional investors to enter the market, leading to a higher premium for retail investors. The 'Kimchi Premium' has been a significant indicator of retail FOMO in the past, and its current rise suggests that the trend may continue.