Bitcoin Hits 3.1% KRW Discount on June 1, Deepest Since February 2021

According to Cryptoquant metrics, Bitcoin in South Korea hit a 3.1% discount against the Korean won (KRW) on June 1, marking its deepest gap since February 2021. On that date, BTC traded at $68,573 locally versus $70,767 globally, a difference of $2,193 per coin. As of June 6 at 11:15 a.m. EDT, the discount persisted at 2.46%, with Bitcoin valued at $59,115 on Upbit, South Korea's largest exchange by trading volume, versus $60,608 worldwide.

Upbit logged $1.21 billion in 24-hour trading volume, while Bithumb generated $749 million during the same period. The extended discount period, spanning nearly 24 consecutive days since May 13, signals a shift in local demand as capital flows into South Korean AI and semiconductor equities.