TechFlow reported on November 24 that Sean Farrell, Head of Digital Asset Strategy at Fundstrat, noted in a recent client report that despite Bitcoin's price approaching $99,000, the current market does not exhibit bubble characteristics seen at the end of 2021 or in March this year.
According to his analysis, the "kimchi premium" indicator in the South Korean market is currently around 0%, indicating that South Korean traders are not exhibiting excessive excitement. Typically, this metric surges above 10% when the market reaches its peak. Farrell believes the recent rally is not purely speculative, and signs such as friends and family beginning to inquire about cryptocurrency investments suggest that Bitcoin still has room to rise.
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