Nine days ago, Bitcoin was selling at the steepest discount in Korea. The discount has not disappeared, but the price gap has since narrowed.
The Korean Bitcoin market appears to be recovering from the deepest discount of the year
Bitcoin (BTC) usually gets premiums in Korea, but that trend has turned this month. According to data from cryptoquant.com, the discounts for the last 22 days, which begin on July 8th, 2025, have continued.
The Bitcoin.com news revealed that this pricing gap was in the spotlight nine days ago, and by the next day, July 22nd, Bitcoin was 2.02% below the global weighted average. The next day, the day after the price gap for BTC in Korean was reduced to 1.18%, the trend continues to move in that direction.
Three days ago, it temporarily expanded to about 1.56%, but by yesterday it had tightened to just 0.32%. As of 9:45am on Wednesday, July 30th, the discount is close to 0.40%, with the global average of $117,677 per coin and the South Korean price is $117,208.
The price gap for Bitcoin in South Korea’s exchange may reflect demand in soft regions. In this scenario, lighter purchases or heavier sales within the Korean coast led to Bitcoin prices below the global average.
However, once the gap is closed, the arbitrage desk appears to have quietly stepped down an indirect route. Alternatively, domestic interest is slowly returning as sentiment steady state and traders move to take advantage of the prolonged discounts.
