泡菜高級彈出在市場上的血液中的兩位數

臭名昭著的比特幣（BTC）貿易的保費被Sam Bankman Fried普及的，在美國關稅上升引起的市場血液中，有些市場標誌在短期內考慮了看跌的市場標誌。

The premiums of an infamous bitcoin (BTC) trade popularized by Sam Bankman-Fried have returned to substantial levels amidst a market bloodbath triggered by rising U.S. tariffs, a market indicator that some believe to be bearish in the short term.

臭名昭著的比特幣（BTC）貿易的保費在山姆·班克曼（Sam Bankman）流行的貿易中已在美國關稅上漲引發的市場血液中恢復了大量水平，這是一些市場指標，有些人認為短期內認為是看跌。

The Kimchi premium, which denotes the variance in bitcoin prices on Korean exchanges compared to global exchanges, rose just over 10% as of Asian morning hours Monday as BTC slid by 6% in the past 24 hours.

與全球交易所相比，Kimchi Premium表示韓國交流的比特幣價格的差異，截至週一亞洲早上小時數近10％以上，BTC在過去24小時內下降了6％。

This arbitrage involves purchasing bitcoin on a global exchange and selling it on a Korean exchange to generate a riskless profit in Korean won. While claiming these gains is hindered by South Korea's stringent capital controls, the premium is often used in conjunction with other factors to gauge market sentiment.

這項套利涉及在全球交易所購買比特幣，並在韓國交易所以韓國贏得的無風險利潤出售。雖然聲稱這些收益受到韓國嚴格的資本管制的阻礙，但溢價通常與其他因素結合使用來衡量市場情緒。

Trading volumes on Korean exchanges Bithumb and Upbit have dropped significantly over the past week, indicating a decrease in retail trading activity. At the same time, balances of dollar-margined stablecoin tether have declined on both exchanges with instances of withdrawal delays.

在過去的一周中，Bithumb和Upbit上的韓國交易所交易量大幅下降，表明零售交易活動的減少。同時，在兩種交流中，撤回延遲的情況下，美元固定的穩定鏈球鏈球系的餘額都在下降。

“It seems that most retail investors are either already fully invested in spot or have withdrawn their funds to engage in DEX activities,” Seoul-based DNTV Research analyst Bradley Park told CoinDesk in a Telegram message.

總部位於首爾的DNTV研究分析師布拉德利公園（Bradley Park）在一條電報消息中告訴Coindesk：“似乎大多數零售投資者要么已經在現場投資了，要么已經撤回了資金。”

“In this situation, the kimchi premium doesn’t represent retail investors’ overbuying; rather, it appears to have risen as a passive response to the uncertainty of a strong dollar environment,” Park added.

“在這種情況下，泡菜溢價並不代表散戶投資者的過度承諾；相反，它似乎是對強大美元環境的不確定性的被動反應。”帕克補充說。

“The kimchi premium can surge excessively when trading volume increases, but it can also help defend prices when the asset prices on overseas exchanges drop significantly,” Park said, adding that this was likely “not a positive sign” in the short-term for bitcoin.

帕克說：“當交易量增加時，泡菜溢價可能會過高，但當海外交易所的資產價格大幅下降時，它也可以幫助捍衛價格。”比特幣。