Despite an 8% crash in South Korean stocks on July 14, the expected liquidity rotation into crypto failed to materialize as Upbit trading volumes rose by only 4%. By July 20, the KOSPI index's annualized volatility reached 57%, surpassing Bitcoin's 47%. On July 22, trading activity across major Korean crypto exchanges fell sharply as the KOSPI index surged, signaling a shift of retail liquidity back into equities.
Major South Korean crypto exchanges face a sharp decline in trading activity as retail investors pivot capital toward the surging KOSPI index.
Read the full storyThe KOSPI index hit 57% annualized volatility, eclipsing Bitcoin's 47% and signaling a rare shift in risk dynamics for major equity markets.
South Korean stocks plunged 8% amid market turmoil, but Upbit trading volumes rose only 4%, defying expectations of a major liquidity rotation into digital assets.