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Korea's chip crash just exposed crypto's most-ignored lever.
Samsung -12.31%, SK Hynix -12.47% โ leveraged ETFs that hit $9.1B since May, 92% retail-held, are unwinding fast. FSS Governor Lee Chan-jin admitted oversight came too late.
Same retail money also drives Korea's Kimchi Premium โ right now sitting at -1%, BTC at $62.4K. Same capital, same mood as the chip selloff.
More AI and semiconductor earnings land in the next few days. Weak demand signals here could mark a mid-term peak for tech โ and deepen this correction further.
Chart: CryptoQuan
News | Markets | YouTube
Samsung -12.31%, SK Hynix -12.47% โ leveraged ETFs that hit $9.1B since May, 92% retail-held, are unwinding fast. FSS Governor Lee Chan-jin admitted oversight came too late.
Same retail money also drives Korea's Kimchi Premium โ right now sitting at -1%, BTC at $62.4K. Same capital, same mood as the chip selloff.
More AI and semiconductor earnings land in the next few days. Weak demand signals here could mark a mid-term peak for tech โ and deepen this correction further.
Chart: CryptoQuan
News | Markets | YouTube
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Is the Bitcoin bottom finally in?
According to Grayscale's Head of Research, Zach Pandl, Bitcoin looks cheap, but investors are still watching two major risks.
Watch from 1:50 to hear the key catalysts that could determine what's next:
https://www.youtube.com/watch?v=NuhoSyuFq2s
News | Markets | YouTube
According to Grayscale's Head of Research, Zach Pandl, Bitcoin looks cheap, but investors are still watching two major risks.
Watch from 1:50 to hear the key catalysts that could determine what's next:
https://www.youtube.com/watch?v=NuhoSyuFq2s
News | Markets | YouTube
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Media is too big
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๐ฎ๐ฉ LATEST: Indonesia now requires influencers recommending crypto and other digital assets to hold competency certifications.
Read more: https://cointelegraph.com/news/indonesia-certification-rules-influencers-recommending-crypto
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Read more: https://cointelegraph.com/news/indonesia-certification-rules-influencers-recommending-crypto
News | Markets | YouTube
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