Data: The Bitcoin on the Upbit platform has a serious negative premium, currently reported at $89,500

ChainCatcher news, or influenced by South Korean President Yoon Suk-yeol's announcement of a state of emergency, the Bitcoin price on the Upbit platform has seen a severe negative premium, reported at $89,500.

ChainCatcher previously reported that, according to Jinshi News, South Korean President Yoon Suk-yeol suddenly delivered a televised speech tonight, announcing the implementation of "emergency martial law." Yoon listed several reasons, stating that the opposition party is manipulating the National Assembly and disrupting the country, claiming he will eradicate "anti-state forces" within South Korea. Specific measures of the martial law are currently unknown.

External analysis suggests that the recent push by the opposition party in South Korea for a series of legislation targeting the president's wife and the impeachment of public officials such as prosecutors may have been the trigger for Yoon Suk-yeol's announcement of "emergency martial law."