The Bitcoin Long Signal That Preceded The 370% Move Is Out Again – What You Need To Know

ocopd 2026年1月18日

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The Bitcoin Long Signal That Preceded The 370% Move Is Out Again – What You Need To Know

Going into the weekend, the price of Bitcoin was unable to sustain the momentum it showed at the beginning of last week. As of Friday, January 16, the world’s leading cryptocurrency, denied the price resistance above, is now trading in a tight consolidation bracket. Interestingly, this period of calm has been deemed temporary, as recent on-chain data suggests an exciting time ahead for the BTC price.

Kimchi Premium Flips Well As Local Demand Sees Creation

In a January 17 post on the X platform, DeFi asset management platform XWIN Finance released an on-chain report, suggesting that Bitcoin may be closer to reaching an inflection point than reflected in price action.

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This theory is based on the Bitcoin Kimchi Premium display. This measures the percentage difference between the price of a cryptocurrency (in this case, Bitcoin) on the South Korean exchange and its price on the world exchange. Simply put, it shows how much Korean merchants are willing to pay for Bitcoin.

When Kimchi Premium gradually changes from low or negative levels to move above historically important levels, this is usually viewed as a long signal from the metric. This interpretation is because the rising Kimchi Premium reflects growing local demand in South Korea, which is often influenced by retail buyers.

In fact, Korean consumers are willing to pay more for Bitcoin, thus overwhelming the available supply and therefore driving up prices.

Source: @xwinfinance on X

In a post on X, XWIN Finance highlighted that this long signal was seen on the indicator. History also proves the importance of this signal; there was a significant upward price increase following the continued rise of Kimchi Premium.

An example is the last appearance of a long signal in October 2023, when the index rose above the maximum limit, as shown in the chart above. Bitcoin price saw a 370% rally after this signal went off in 2023.

According to XWIN Research, this same pattern seems to play out again in 2026. Therefore, if Kimchi Premium ends its long signal formation, it may be a sign that buyers are sitting in favorable positions for bullish riding.

If history repeats itself, the value of Bitcoin may be on the way to witness another exciting journey, with the flagship cryptocurrency possibly posting an increase of more than 300% in the next cycle.

However, it is worth noting that large conditions, institutional demand, and exit activity will be playing their role to improve the probability of the pattern, as it should not be considered as an independent bullish sign.