Kimchi Premium上升到3年高，是什麼推動了？

根據來自加密素養的數據，比特幣（BTC）的泡菜溢價飆升至三年高度為12％。這個尖峰在急劇下降時出現

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.

加密數據顯示，比特幣（BTC）泡沫溢價的激增，在旗艦加密貨幣急劇下降的情況下達到了12％的三年高度。溢價中的這種激增通常表明韓國對BTC的需求很大，但在這種情況下，它與加密貨幣市場的低迷相吻合。

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.

作為對迫在眉睫的貿易關稅的回應，加密貨幣市場的總市場上限從1月30日的3.7萬億美元下降到撰寫本文時的3.1萬億美元。

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.

這一發展是因為美國總統唐納德·特朗普（Donald Trump）將從2月4日開始對加拿大和墨西哥徵收25％的關稅，並對中國對現有稅款的好處額外徵收10％的關稅。

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.

鑑於這一點，與期望相反，比特幣的泡菜溢價已經飆升至三年。通常，這種情況將表明韓國對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，這一次，激增發生在比特幣下滑期間，而不是上升趨勢，這表明其他潛在的市場力量正在發揮作用。

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首席執行官Ki Young Ju強調說，當前的泡菜高級激增並不是由於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."

“再次查看圖表。泡菜溢價在當地的底部飆升- 不是因為韓國人正在購買蘸醬，而是因為BTC正在轉換為美元。很少有韓國人將BTC轉換為KRW。其他國家可能會看到類似的趨勢。 “

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.

這種趨勢可能是由正在進行的貿易緊張局勢驅動的，我們的關稅將生效。結果，美元（美元）預計將對其他法定貨幣進行加強，使其在經濟不確定性時期成為更具吸引力的價值存儲。

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

作為回應，韓國投資者可能正在將BTC轉換為美元，而不是韓國贏家（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.

在過去的24小時內，各種交易所發生了超過20億美元的加密貨幣清算，絕大多數是很長的位置。該清算量超過了在20020年3月Covid引起的市場下降和2022年11月FTX崩潰之類的重大崩潰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.

隨著美國關稅將於明天生效，據報導，特朗普仍在與加拿大總理賈斯汀·特魯多（Justin Trudeau）進行談判，並提供了一些希望，可以重新考慮或推遲貿易稅。如果取消關稅，加密貨幣市場可能會恢復其最近的一些損失。

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，要使比特幣保持其看漲結構並繼續朝著新的歷史最高高（ATH）推向，它必須恢復105,000美元的價格水平。一些分析師預測，BTC可能需要重新恢復其向上軌蹟之前重新測試76,000美元的範圍。

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

發稿時，BTC的交易價格為96,864美元，過去24小時下跌2.2％。