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Korean retail investors’ leverage strength isn’t that high either, although the number of participants is really large.
As of July 13, the month’s liquidation scale was only 1.57 billion RMB; even the liquidation data is less than the amount in crypto in a single day.
But the number of participants is truly huge—over 300,000. On average, one person loses 5,000 yuan.
🤔 However, from the 13th to now, the Korean index has fallen another 11%, so the liquidation loss amount and the number of people should be higher as well.