Koreans call Korean premium in Kimchi premium. Kimchi premium is made by the high level of regulations for cryptos, CEX(Centralized Exchange) and banks. Now, Kimchi premium is around 0%. It looks like Korean retail investors are too much worried about the next price correction.
I would sell cryptos when the premium approaches 15%. I'm waiting for short-term Korean retail investors. They're real! lol
By the way, BTC price is approaching $100k. It's much faster than I expected.. This cycle rising rate is pretty fast. So, I hope the rate will slow down asap.