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 News | Markets | YouTube