Korean traders have thrown in the towel, with crypto trading volumes visibly lower over the last few months. The Kimchi premium is now completely gone, and the slower volumes have wiped out the markets for multiple altcoins.
In the past two months, I have been wondering what happened to the very popular phrase "to the moon" and I think I now know why people seem to be tired of it literally and figuratively. There is a great fatigue enveloping the market today and I am sure this is not limited to South Korea soon this can be happening everywhere. We are all tired of waiting, of holding and staying hopeful for the next altcoin season and the bull run. I am alarmed of this trend because I know if this can spread everywhere then even the scheduled halving may not be enough to revive the market. Are we now heading to nowhere?