韩国政治危机将“泡菜溢价”推至四个月高点

韩国投资者对比特币的兴趣激增，恰逢东亚政治动荡不断升级。

The political turmoil in South Korea has had a significant impact on the local cryptocurrency market, driving up the so-called "Kimchi Premium" to its highest level in four months.

韩国的政治动荡对当地加密货币市场产生了重大影响，推动所谓的“泡菜溢价”升至四个月来的最高水平。

This premium, which reflects the price difference between Bitcoin on South Korean exchange Upbit and global crypto exchange Coinbase, rose by 3-5% last week, according to data from CryptoQuant.

根据 CryptoQuant 的数据，这一溢价反映了韩国交易所 Upbit 和全球加密货币交易所 Coinbase 上比特币的价格差异，上周上涨了 3-5%。

A higher Kimchi Premium typically indicates strong demand for Bitcoin among South Korean investors.

泡菜溢价较高通常表明韩国投资者对比特币的强劲需求。

This demand was also evident in the market for Tether, with a similar indicator showing a comparable spike in premium.

这种需求在 Tether 市场上也很明显，类似的指标显示溢价也出现了类似的飙升。

Ki Young Ju, founder and CEO of CryptoQuant, highlighted the role of capital outflows and inflation fears in driving this demand.

CryptoQuant 创始人兼首席执行官 Ki Young Ju 强调了资本外流和通胀担忧在推动这一需求中的作用。

"South Korea faces an unprecedented wealth outflow amid political turmoil, declining birth rates, and slowing growth," he explained.

“在政治动荡、出生率下降和增长放缓的背景下，韩国面临着前所未有的财富外流，”他解释道。

"Inflation fears drive conversions of won assets into US stocks, Bitcoin, gold, and dollars. Many crypto investors prefer exchanges over banks, with Tether and Bitcoin trading at 2-5% premiums."

“通胀担忧推动韩元资产转换为美国股票、比特币、黄金和美元。许多加密货币投资者更喜欢交易所而不是银行，Tether 和比特币的交易溢价为 2-5%。”

Ju further illustrated this point by sharing a chart on his Twitter page, which can be viewed here.

Ju 在他的 Twitter 页面上分享了一张图表，进一步说明了这一点，您可以在此处查看该图表。

The political landscape in South Korea has been volatile, with President Yoon Suk Yeol's brief declaration of martial law earlier this month being swiftly reversed after only six hours.

韩国的政治格局一直不稳定，本月早些时候总统尹锡烈短暂宣布戒严令仅六个小时后就迅速撤销。

Yoon was subsequently impeached by the National Assembly on December 14, and Prime Minister Han Duck-soo was appointed as the acting president.

尹随后于12月14日被国会弹劾，国务总理韩德洙被任命为代理总统。

In the latest development, parliament also voted to impeach Han on Friday, marking the first time an acting president has been impeached in the country.

根据最新进展，议会周五还投票弹劾韩国瑜，这是该国首次代理总统被弹劾。

Amidst these political upheavals, South Korea also faces economic challenges, including rising inflation, and external threats, such as nuclear tests by North Korea.

在这些政治动荡中，韩国还面临着经济挑战，包括通胀上升和朝鲜核试验等外部威胁。

The Korean won and bonds have declined in value, while insurance against a default on Korea's sovereign bonds has surged as the political crisis heightens investors' concerns.

韩元和债券贬值，而随着政治危机加剧投资者的担忧，针对韩国主权债券违约的保险激增。

It's worth noting that the volume of crypto exchanges in Korea regularly outstrips that of stock exchanges, making South Korea a prime example of a cryptocurrency retail market.

值得注意的是，韩国的加密货币交易所交易量经常超过证券交易所，使韩国成为加密货币零售市场的典范。

Korean cryptocurrency exchanges do not permit the establishment of corporate accounts, indicating that the vast majority of South Korean crypto activity comes from individual investors.

韩国加密货币交易所不允许设立公司账户，这表明韩国的加密货币活动绝大多数来自个人投资者。