ChainCatcher Message: According to the latest financial stability report released by the Bank of Korea, the activity level of the South Korean cryptocurrency market is still higher than the global average, at 157% and 112% respectively. However, as Bitcoin is projected to surpass $100,000 in 2025, the behavior of retail investors in South Korea has shifted from actively building positions to concentrating on taking profits and significantly cashing out.

The report points out that 91.2% of the trading volume in the South Korean cryptocurrency market is contributed by the top 10% of accounts, leading to an increased risk of market manipulation. The Bank of Korea warns that if institutional and ETF access is relaxed, the vulnerability of the South Korean market to global fluctuations will intensify. Currently, related hot money has shifted to local South Korean stocks and leveraged ETFs in the U.S.