Koreans are no longer trading cryptocurrencies, the truth behind the biggest exit in the crypto circle

This data is a bit frightening, South Korea's largest exchange Upbit's trading volume has plummeted by 80% year-on-year, the Bitcoin-Korean won trading pair has cooled off, while the South Korean stock market has surged by 70% this year, reaching an all-time high. Now the atmosphere in South Korean chat rooms has changed: retail investors who used to study altcoins every day are now discussing AI semiconductor stocks. Indeed, the world's speculators are the same; they run where the money is.

In my opinion, when the profit effect of traditional financial markets rises, funds in the crypto circle will inevitably be diverted. This wave of withdrawal by Koreans may trigger a liquidity crisis for altcoins, and it is worth being vigilant about whether the global enthusiasm for trading cryptocurrencies is cooling down.

However, let's not be too pessimistic. Once this wave of AI stock bubbles bursts, Koreans will likely return to the crypto circle with their wallets. After all, those who are used to trading cryptocurrencies find it hard to tolerate the fluctuations of the stock market.
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