Analysis: Korean traders are laying out high-quality altcoins, and it is expected that altcoins will strengthen in Q4
According to BlockBeats, on September 25th, according to CryptoQuant's South Korean Bitcoin Premium Index, the index turned negative on Wednesday, falling to -0.55, the largest discount since October 2023. In addition, trading volume data from South Korean trading platforms also shows that people are turning to counterfeit cryptocurrencies with high beta values (volatility greater than market volatility). Markus Thielen, founder of 10x Research, also stated in a recent report that fast-moving traders are seizing the opportunity to buy their favorite altcoins in large quantities, and expect a strong rise in the fourth quarter. As Bitcoin breaks through $60000 and aims to break through $65000, savvy traders have accumulated undervalued altcoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT.