Coinbase Premium Turns Positive Amid Concerns Over Domestic Market Slowdown

The KOL Index has revealed that the Coinbase Premium has transitioned from a prolonged negative trend to a positive one, based on an analysis of investor reactions and popular content within Telegram. This shift serves as an indicator of buying sentiment among U.S. investors, leading to increased interest from investors looking to examine the correlation between past transition points and Bitcoin price movements. In contrast, the domestic cryptocurrency market appears to be relatively subdued. The price discrepancies in the won market and trading volumes on major exchanges are being compared to the global market, with assessments suggesting a decrease in domestic investor participation. Additionally, the regulatory approach to prediction markets and Web3 services in South Korea has emerged as a significant concern. Discussions are actively taking place regarding restrictions on domestic access to overseas prediction market services and the application of regulations to similar services. Investors are responding sensitively to changes in regulatory approaches and accessibility with the emergence of new Web3 services.