泡菜高级弹出在市场上的血液中的两位数

臭名昭著的比特币（BTC）贸易的保费被Sam Bankman Fried普及的，在美国关税上升引起的市场血液中，有些市场标志在短期内考虑了看跌的市场标志。

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.

臭名昭著的比特币（BTC）贸易的保费在山姆·班克曼（Sam Bankman）流行的贸易中已在美国关税上涨引发的市场血液中恢复了大量水平，这是一些市场指标，有些人认为短期内认为是看跌。

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.

与全球交易所相比，Kimchi Premium表示韩国交流的比特币价格的差异，截至周一亚洲早上小时数近10％以上，BTC在过去24小时内下降了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.

这项套利涉及在全球交易所购买比特币，并在韩国交易所以韩国赢得的无风险利润出售。虽然声称这些收益受到韩国严格的资本管制的阻碍，但溢价通常与其他因素结合使用来衡量市场情绪。

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.

在过去的一周中，Bithumb和Upbit上的韩国交易所交易量大幅下降，表明零售交易活动的减少。同时，在两种交流中，撤回延迟的情况下，美元固定的稳定链球链球系的余额都在下降。

“It seems that most retail investors are either already fully invested in spot or have withdrawn their funds to engage in DEX activities,” Seoul-based DNTV Research analyst Bradley Park told CoinDesk in a Telegram message.

总部位于首尔的DNTV研究分析师布拉德利公园（Bradley Park）在一条电报消息中告诉Coindesk：“似乎大多数零售投资者要么已经在现场投资了，要么已经撤回了资金。”

“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.

“在这种情况下，泡菜溢价并不代表散户投资者的过度承诺；相反，它似乎是对强大美元环境的不确定性的被动反应。”帕克补充说。

“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.

帕克说：“当交易量增加时，泡菜溢价可能会过高，但当海外交易所的资产价格大幅下降时，它也可以帮助捍卫价格。”比特币。