CryptoQuant's analysis reveals a hot trend in the crypto market—the Korean premium, suggesting strong buying pressure from Korean retail investors. The Korea Premium Index (KPI), tracking the "Kimchi Premium," is a key indicator of market sentiment in South Korea, a significant player in the crypto world. A high KPI signals bullish sentiment, while a low KPI reflects bearishness. However, the KPI is also used to spot potential price tops, relying on Koreans' easy access to cash for crypto purchases and FOMO. The current KPI levels mirror those seen during the 2021 Bitcoin peak, raising questions about the current market conditions and potential outcomes. South Korea's increased market share, reaching 13% in November, is attributed to the absence of a retail futures market, driving retail investors to explore altcoins for leverage opportunities.