Crypto traders on South Korea-based exchanges have notably drifted away from Bitcoin to high-beta alternative cryptocurrencies, as indicated by analytics firm CryptoQuant.
The Bitcoin Korea premium index recently fell to -0.55, suggesting that Bitcoin is trading at its steepest discount in Korea since October 2023.
Markus Thielen of 10x Research remarked that "Quick-moving traders are seizing the opportunity... anticipating a strong Q4 rally" through accumulating various altcoins.
As Bitcoin aimed to surpass $60,000, savvy investors have focused on undervalued altcoins like TAO, ENA, SEI, and many others to maximize returns.
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