According to Odaily, a recent financial stability report from the Bank of Korea reveals that the activity in South Korea's cryptocurrency market remains significantly higher than the global average, with figures at 157% compared to 112%. However, as Bitcoin is projected to surpass $100,000 by 2025, South Korean retail investors have shifted their behavior from actively building positions to focusing on profit-taking and cashing out.
The report highlights that 91.2% of the trading volume in South Korea's crypto market is contributed by the top 10% of accounts, raising concerns about increased market manipulation risks. The Bank of Korea warns that if institutional and ETF access is liberalized, the vulnerability of the South Korean market to global fluctuations could intensify. Currently, the speculative capital has moved towards the local stock market and leveraged ETFs in the U.S. market.
