[Data: Bitcoin Kimchi Premium Recently Rose to 1.98%, the Highest Level Since Late February] According to Cryptopolitan, on May 7, the Bitcoin Kimchi Premium on South Korean exchanges rose to 1.98%, the highest level since late February. This metric measures the price difference between Bitcoin on South Korean exchanges and the global volume-weighted average price, as calculated by CryptoQuant's Korea Premium Index. After the U.S.-Iran conflict broke out in early March, the index had dropped to a discount of -2.27%. This rebound indicates a resurgence in demand from South Korean buyers. Currently, based on the price on Upbit and the global volume-weighted average price, the premium has fallen back to 0.77%.