Kimchi Premium上升到3年高，是什么推动了？

根据来自加密素养的数据，比特币（BTC）的泡菜溢价飙升至三年高度为12％。这个尖峰在急剧下降时出现

CryptoQuant data reveals a surprising surge in Bitcoin's (BTC) Kimchi Premium, reaching a three-year high of 12% amid a steep decline in the flagship cryptocurrency. This spike in the premium typically indicates a strong demand for BTC in South Korea, but in this case, it coincides with a downturn in the crypto market.

加密数据显示，比特币（BTC）泡沫溢价的激增，在旗舰加密货币急剧下降的情况下达到了12％的三年高度。溢价中的这种激增通常表明韩国对BTC的需求很大，但在这种情况下，它与加密货币市场的低迷相吻合。

As a response to the looming trade tariffs, the crypto market has experienced a sharp decline with its total market cap decreasing from $3.7 trillion on January 30 to $3.1 trillion at the time of writing.

作为对迫在眉睫的贸易关税的回应，加密货币市场的总市场上限从1月30日的3.7万亿美元下降到撰写本文时的3.1万亿美元。

This development comes as US President Donald Trump is set to impose 25% tariffs on Canada and Mexico, starting February 4, with an additional 10% tariff on China's good over and above the existing levies.

这一发展是因为美国总统唐纳德·特朗普（Donald Trump）将从2月4日开始对加拿大和墨西哥征收25％的关税，并对中国对现有税款的好处额外征收10％的关税。

In light of this, and contrary to expectations, Bitcoin's Kimchi Premium has surged to a three-year high. Usually, such a scenario would indicate a heightened demand for BTC in South Korea.

鉴于这一点，与期望相反，比特币的泡菜溢价已经飙升至三年。通常，这种情况将表明韩国对BTC的需求增加。

However, this time, the surge occurs during a Bitcoin downturn rather than an uptrend, suggesting other underlying market forces at play.

但是，这一次，激增发生在比特币下滑期间，而不是上升趋势，这表明其他潜在的市场力量正在发挥作用。

In a post on X, CryptoQuant CEO Ki Young Ju highlights that the current Kimchi Premium surge is not due to increased BTC demand, stating:

在X上的一篇文章中，CryptoQuant首席执行官Ki Young Ju强调说，当前的泡菜高级激增并不是由于BTC的需求增加而指出：

"Check out the chart again. The kimchi premium spiked at the local bottom – not because Koreans are buying the dip, but because BTC is being converted to USD. Few Koreans are converting BTC into KRW. Other countries are likely seeing a similar trend."

“再次查看图表。泡菜溢价在当地的底部飙升 - 不是因为韩国人正在购买蘸酱，而是因为BTC正在转换为美元。很少有韩国人将BTC转换为KRW。其他国家可能会看到类似的趋势。 “

This trend may be driven by the ongoing trade tensions, with US tariffs set to take effect. As a result, the US dollar (USD) is expected to strengthen against other fiat currencies, making it a more attractive store of value during periods of economic uncertainty.

这种趋势可能是由正在进行的贸易紧张局势驱动的，我们的关税将生效。结果，美元（美元）预计将对其他法定货币进行加强，使其在经济不确定性时期成为更具吸引力的价值存储。

In response, South Korean investors might be converting BTC to USD instead of Korean won (KRW).

作为回应，韩国投资者可能正在将BTC转换为美元，而不是韩国赢家（KRW）。

Over the past 24 hours, more than $2 billion in crypto liquidations have occurred on various exchanges, with the vast majority being long positions. This liquidation volume surpasses those seen during major crash events like the March 2020 COVID-induced market drop and the FTX collapse in November 2022.

在过去的24小时内，各种交易所发生了超过20亿美元的加密货币清算，绝大多数是很长的位置。该清算量超过了在20020年3月Covid引起的市场下降和2022年11月FTX崩溃之类的重大崩溃事件中看到的清算量。

As the US tariffs are set to take effect tomorrow, Trump is reportedly still in talks with Canadian Prime Minister Justin Trudeau, offering some hope that the trade levies could be reconsidered or delayed. If the tariffs are called off, the crypto market may regain some of its recent losses.

随着美国关税将于明天生效，据报道，特朗普仍在与加拿大总理贾斯汀·特鲁多（Justin Trudeau）进行谈判，并提供了一些希望，可以重新考虑或推迟贸易税。如果取消关税，加密货币市场可能会恢复其最近的一些损失。

However, for Bitcoin to maintain its bullish structure and continue pushing toward a new all-time high (ATH), it must reclaim the $105,000 price level. Some analystsحتی predict that BTC might need to retest the $76,000 range before resuming its upward trajectory.

但是，要使比特币保持其看涨结构并继续朝着新的历史最高高（ATH）推向，它必须恢复105,000美元的价格水平。一些分析师预测，BTC可能需要重新恢复其向上轨迹之前重新测试76,000美元的范围。

At press time, BTC trades at $96,864, down 2.2% in the past 24 hours.

发稿时，BTC的交易价格为96,864美元，过去24小时下跌2.2％。