The 2x Bitcoin Strategy ETF (BITX) closed down 2.65% at $53.24 on December 27, as Bitcoin's price fell 1.11% to $94,586.03 amid geopolitical tensions and market dynamics. The political upheaval in South Korea has led to a "Kimchi Premium," with South Koreans paying a 3% premium over U.S. traders for Bitcoin, driven by the won's depreciation following the impeachment of the acting president. Despite this localized demand, global selling pressures persist, with significant amounts of Bitcoin being transferred to exchanges, indicating investor readiness for a downturn. The expiration of a record $18 billion in Bitcoin and Ethereum options today has added to market volatility.