CryptoQuant: BTC Korea Premium Index is 3.53%, not reaching overheating level

CryptoQuant analysts stated that the Bitcoin Coinbase Premium Index is positive, which is usually used to identify short-term overheating. The Korean Premium Index is currently at 3.53%, higher than last week's 1.5%, but has not yet reached overheating levels. Analysts believe that a positive Coinbase Premium Index indicates good sentiment among US investors, while a non-overheated Korean Premium Index indicates that BTC is ready for sideways fluctuations or further increases. The rise in the altcoin market may continue until the Korean Premium Index shows overheating (exceeding 5%).