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Korea's chip crash just exposed crypto's most-ignored lever.
Samsung -12.31%, SK Hynix -12.47% — 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 — 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 — and deepen this correction further.
Chart: CryptoQuan
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Samsung -12.31%, SK Hynix -12.47% — 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 — 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 — 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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🇮🇩 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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🚨 RESEARCH: $11.85 billion in crypto options expires this Friday.
Bitcoin has $10.16 billion worth of options expiring across 162,000 contracts. With Bitcoin currently at $61,750, the max pain level sits at $72,000, which is roughly 15% above where Bitcoin trades right now.
Max pain is the price where the most options expire worthless, meaning option sellers collect the most. Because max pain is above the current spot, any pull from expiry points upward, not downward.
Most of the big call bets are stacked at $80,000, $90,000, and $100,000, all well above current price. Those positions are deep out of the money and will expire worthless if Bitcoin stays where it is.
Ethereum has $1.69 billion in options expiring. ETH is currently at $1,648. Max pain sits at $2,000, roughly 20% above current spot. The book is heavily stacked with calls at $2,100 and $2,500, both above where ETH trades now. If ETH stays flat or drifts lower through Thursday, those calls expire worthless on Friday, and wipe out a disproportionate amount of open interest.
The traders who bought them lose their premium.
The key point is that max pain for both assets sits above the current spot price. The pressure from expiry this week points upward.
News | Markets | YouTube
Bitcoin has $10.16 billion worth of options expiring across 162,000 contracts. With Bitcoin currently at $61,750, the max pain level sits at $72,000, which is roughly 15% above where Bitcoin trades right now.
Max pain is the price where the most options expire worthless, meaning option sellers collect the most. Because max pain is above the current spot, any pull from expiry points upward, not downward.
Most of the big call bets are stacked at $80,000, $90,000, and $100,000, all well above current price. Those positions are deep out of the money and will expire worthless if Bitcoin stays where it is.
Ethereum has $1.69 billion in options expiring. ETH is currently at $1,648. Max pain sits at $2,000, roughly 20% above current spot. The book is heavily stacked with calls at $2,100 and $2,500, both above where ETH trades now. If ETH stays flat or drifts lower through Thursday, those calls expire worthless on Friday, and wipe out a disproportionate amount of open interest.
The traders who bought them lose their premium.
The key point is that max pain for both assets sits above the current spot price. The pressure from expiry this week points upward.
News | Markets | YouTube
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