On December 3, it was reported that, or affected by the announcement of martial law by South Korean President Yin Xiyue, the Upbit platform Bitcoin experienced a serious negative premium, reported at $89,500. Earlier, according to a report by Kim Ten, South Korean President Yoon Seok-yuk suddenly gave a live televised speech tonight and announced the implementation of "emergency martial law". Yoon Seok-yuk listed a number of reasons, saying that the opposition party has coerced the National Assembly and disrupted the country, saying that it will eliminate "anti-state forces" in South Korea. The specific martial law measures are not yet known. Outside analysis, the recent South Korean opposition party to promote a series of legislation against the president's wife and impeachment of government officials such as prosecutors may be the trigger for Yin Xiyue to declare "emergency martial law".