Hello,
I noticed there is an huge difference between Korean markets and USD markets:
https://coinmarketcap.com/currencies/volume/24-hour/As you can see, the BTC price is approximatively 16% higher on Corean market (~19000 USD) than on USD markets (~16000 USD).
Does someone can explain the reason of this difference ?
It is currently 6:00 AM in Korea, most of the people have not woken up yet (or at least woken up and getting on the cryptocurrency markets) and the bots trading throughout the night have been pushing the market in various ways, and those trends are being mirrored on US markets because people are buying from them and selling on SK markets, rinse and repeat (while they can). Once everyone starts to wake up on SK you'll probably see some selling off or more uptrends, not sure what direction it would end up taking right now to be honest. Might be some selling because the commoners will seek to secure their profits, or they might HODL. Not entirely sure.