Bitcoin is now “tamer” than even South Korean stocks


Market paradox: South Korea’s Kospi index just plunged by about 25% in only 4 weeks. Options traders expect Kospi’s volatility to reach 81% per year over the coming month, double Bitcoin’s 38%.
Reason for the drop: The cooling of the AI boom has triggered a sell-off across a batch of technology stocks. As a result, a wave of margin calls and liquidations from leveraged ETFs swept through the market, pushing the total liquidation value to exceed $2 trillion in less than 3 months.
Psychological factor: The strong propensity for speculation and “fight-to-the-death” trading style of investors from the land of kimchi further amplifies Kospi’s trading range far more than the crypto market.
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