{"id":73651,"date":"2026-06-06T18:06:36","date_gmt":"2026-06-06T18:06:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-korean-traders-push-bitcoin-into-its-deepest-discount-since-2021-bitcoin-news\/"},"modified":"2026-06-06T18:06:36","modified_gmt":"2026-06-06T18:06:36","slug":"south-korean-traders-push-bitcoin-into-its-deepest-discount-since-2021-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-korean-traders-push-bitcoin-into-its-deepest-discount-since-2021-bitcoin-news\/","title":{"rendered":"South Korean Traders Push Bitcoin Into Its Deepest Discount Since 2021 \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin hit a 3.1% KRW discount on June 1, its deepest gap since February 2021.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Upbit logged $1.21B on June 6, yet BTC traded 2.46% below global prices.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SK Hynix gained 1,000%+ as AI stocks rallied; BTC demand may stay muted.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Nearly a Month of Discounts Signals a Dramatic Shift in Korean <span>Bitcoin<\/span> Demand<\/h2>\n<p>For <span>bitcoin<\/span> pricing in South Korea, 2026 has delivered an unusual twist, with a substantial share of the year marked by pronounced discounts rather than the country\u2019s customary premium. According to <a href=\"https:\/\/cryptoquant.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cryptoquant<\/a> metrics, the discount trend first emerged at the beginning of March and has persisted ever since, with the first week of June recording the deepest discount of the year.<\/p>\n<p>Since May 13, 2026, <span>bitcoin<\/span> has traded at a discount in <a href=\"https:\/\/news.bitcoin.com\/south-korea-first-dex-rug-pull-criminal-case-catfi-solana-2026\/\">South Korea<\/a> every day except May 19, marking a stretch of nearly 24 consecutive days. June 1 registered the deepest discount of 2026, as <span>BTC<\/span> priced against the South Korean won (KRW) fell to a 3.1% discount. In fact, the last time the discount reached such levels was in February 2021, roughly five years and four months ago.<\/p>\n<h2>Upbit and Bithumb Price <span>Bitcoin<\/span> Nearly 3% Below the Rest of the World<\/h2>\n<p>On June 1, <span>bitcoin<\/span> changed hands at $70,767 globally, yet in South Korea, it was priced $2,193 lower, with local exchanges quoting the asset at roughly $68,573 per coin. Fast forward to 11:15 a.m. EDT on June 6, and while <span>BTC<\/span> is trading near $60,608 worldwide, it is valued at $59,115 on <a href=\"https:\/\/news.bitcoin.com\/samsung-affiliates-pay-408-million-for-upbit-operator-stake-closing-june-2026\/\">Upbit<\/a>, South Korea\u2019s largest exchange by <span>trading volume<\/span>.<\/p>\n<figure id=\"attachment_820851\" aria-describedby=\"caption-attachment-820851\" style=\"width:1414px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-820851\" class=\"wp-caption-text\"> <span>Bitcoin<\/span> price on Upbit at 11:15 a.m. EDT on June 6, 2026. Image source: Coinmarketcap.com.<\/figcaption><\/figure>\n<p>That places <span>bitcoin<\/span> at a 2.46% discount this weekend. Prices across other domestic <span>cryptocurrency<\/span> trading venues, including Bithumb, reflect a similar markdown relative to the global weighted average. Even so, both platforms rank among the world\u2019s largest <span>cryptocurrency<\/span> exchanges.<\/p>\n<figure id=\"attachment_820852\" aria-describedby=\"caption-attachment-820852\" style=\"width:2560px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-820852 size-full\" title=\"South Korean Traders Push Bitcoin Into Its Deepest Discount Since 2021\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-scaled.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-300x169.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-1024x576.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-768x432.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-1536x864.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-2048x1152.png 2048w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-380x214.png 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-760x428.png 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-1520x855.png 1520w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-1280x720.png 1280w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-korea-premium-index_nwmk-scaled.png 2560w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><figcaption id=\"caption-attachment-820852\" class=\"wp-caption-text\">Cryptoquant stats on the <span>Bitcoin<\/span> Korea Premium Index on June 6, 2026.<\/figcaption><\/figure>\n<p>Upbit, for instance, currently holds the third-largest position by <span>trading volume<\/span> globally, trailing only Binance and Coinbase. Bithumb also maintains a place among the industry\u2019s leading venues, sitting in 19th place today. Upbit has recorded $1.21 billion in <span>trading volume<\/span> over the past 24 hours, while Bithumb has generated $749 million during the same period.<\/p>\n<h2>KOSPI\u2019s AI-Fueled Rally May Be Draining Demand From <span>Crypto<\/span> Markets<\/h2>\n<p>Several factors may be feeding South Korea\u2019s <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> discount. One explanation is softer domestic demand amid elevated market unease and recent price weakness. South Korea\u2019s benchmark KOSPI index, the flagship measure of the Korea Exchange (KRX), for example, climbed to new all-time highs in early June 2026 before retreating sharply, with the entire advance fueled by an intense migration of capital into AI and semiconductor equities.<\/p>\n<p>The KOSPI rally was largely driven by AI-focused memory and chip stocks, led by Samsung Electronics and SK Hynix. SK Hynix reportedly climbed more than 1,000% over the previous year, while Samsung nearly quintupled, as booming demand for high-bandwidth memory (HBM) and AI infrastructure chips drew substantial foreign and domestic investment into South Korea\u2019s semiconductor sector.<\/p>\n<p>Even after the June 5 pullback, the KOSPI remains higher by roughly 10% over the past month and nearly 186% from a year ago. While no single explanation fully accounts for the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> divergence, the persistent <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> discount suggests local demand has trailed broader global market activity for an extended stretch.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/south-korean-traders-push-bitcoin-into-its-deepest-discount-since-2021\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin hit a 3.1% KRW discount on June 1, its deepest gap since February 2021. Upbit logged $1.21B on June 6, yet BTC traded 2.46% below global prices. SK Hynix gained 1,000%+ as AI stocks rallied; BTC demand may stay muted. Nearly a Month of Discounts [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73651"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73651"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73652"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}