The anxious hearts of the home team finally calmed down.

Wang Xinggong thought that although the strike had already been decided, the show was definitely not over; tomorrow is the main event.

Yesterday, it was still said that "the mediator believes there is still a chance to reach an agreement," but this morning a direct reversal—confirmed by Yonhap News—Samsung Electronics' Korean union and management negotiations have ended, and the union announced a strike starting tomorrow (Thursday) as scheduled.

The mediation committee also admitted that the divergence on two or three core issues could not be narrowed. The union stated they accepted the mediator's proposal, but management did not respond in time. Blame was passed back and forth, and the only result was: negotiations broke down.

Earlier, the market was still betting on the possibility of the strike being canceled, and BTC rebounded from 76,000 to 76,500. Now that the shoe has dropped—it's not canceled, but confirmed.

Impact on the market:

1. Domestic Korean assets are directly hit. The KOSPI index opened up 0.39%, but after the news broke, it briefly touched 7,100 points, down 2.37%. EWY (Korean ETF) has already fallen nearly 3% today. Disruptions in medical and industrial production pressured Samsung's stock price, dragging down the entire Korean stock market.
2. The expectation of memory chip price hikes reignited. Samsung is a global leader in DRAM and NAND, with HBM being a core component of AI chips.

Once the strike truly begins, supply will contract, and memory prices are likely to rise. This is good news for investors holding memory-related assets, but in the crypto space, there is no direct "Samsung chain" token, only sentiment transmission.

3. Direct impact on the crypto market:

Projects like $KLAY and $ICX, which are Korean-based, previously rebounded slightly due to easing expectations of the strike, but now that the negative news is confirmed, they are likely to face pressure again. KLAY has already fallen to around 0.17, and ICX liquidity is even worse. It’s advisable to wait and see until the actual impact of the strike becomes clearer.

$RENDER and $FL, which are "computing power/storage" narrative plays, previously rebounded on strike easing expectations, but now that the strike is confirmed, the logic of memory price increases is reinforced again, possibly leading to a recovery. However, these narratives are more indirect and have limited resilience.

Overall market $BTC $ETH: Short-term sentiment is bearish due to geopolitical and strike uncertainties.

BTC support below 76,000, ETH support at 2,080. If the strike continues, risk assets could be further suppressed.

Wang Xinggong thinks that although the strike is confirmed, how long can it last?

The union said, "They will continue to seek an agreement even during the strike," indicating that neither side wants to completely tear apart. Most likely, they will strike while negotiating, show some posture for a few days, then each step back. Stopping production lines for 18 days benefits no one.

So, short-term negative, but no need for excessive panic.

The market has already priced in part of the expectation; the real unexpected variable is the "duration of the strike."

If it only lasts 3-5 days, the impact will be limited; if it exceeds two weeks, the memory chip supply chain will face problems, and inflation expectations will heat up again, putting more pressure on Bitcoin for a longer period.

Suggestions:

$KLAY temporarily avoid, consider buying a little if it drops below 0.16, betting on an oversold rebound.

$BTC and D $ETH , keep holding long positions but tighten stop-losses. BTC stop-loss at 75,800, ETH at 2,050.

Monitor the situation on the first day of the strike; if it’s just symbolic, the negative impact may rebound; if full production halts, reduce positions again. This show at Samsung isn’t over yet—tomorrow is the main act.

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