South Korea's KOSPI dropped over 4% in a single day, SK Hynix and Samsung fell more than 5%. The sell-off in Asian tech stocks is transmitting to the crypto market.

The Korean market is an important part of global crypto liquidity—retail trading volume often moves in sync with KOSPI fluctuations.
Today, the Asian trading session funding rate has rebounded from 0.02% to 0.05%, but selling pressure has not eased.
This is driven by the dual squeeze of rising AI computing costs and tightening macro liquidity.
SemiAnalysis data shows that chip base prices have increased by 14.4% year-over-year, and unit computing power costs are rising rather than falling.
This is a contrarian signal for the crypto sector that relies on computing power narratives.
Meanwhile, two major whales opened long positions on Bitcoin worth $175 million today, with unrealized losses of about $1.25 million.
The entry of leveraged funds is countering macro selling pressure, which could amplify short-term volatility.
The risk is: if KOSPI continues to weaken, capital outflows from Korea may accelerate, adding regional selling pressure on the crypto market.
$kospi #btc #defi #链上数据 #ai