South Korea’s benchmark equity index, Kospi, reached a high record of 4,340 points, driven by prospects of policies friendly shareholder and positive sentiment in the global market.
The new high is motivated by an analyst to encourage the care of Bitcoin The bulls, which suggest that the Kospi surging can mark the end of the BTC Bull Run, which is in line with the historical relationship between the two owners.
“Whenever Kospi sets a new high record, Bitcoin traded near all times high cycle. The last time this happened was back in 2021,” Crypto’s analytics platform Alphractal told x.
The chart indicates that Kospi reached its climax in the second half of 2021. The BTC also sank closer to $ 70,000 in November that year, which eventually fell to a year’s bear market.
A similar pattern appeared in late 2017, with concurrent peaks in two possessions. Also note the concurrent temporary leaders around June and July 2011.
Incremental signal
The pattern, though limited to support the specific conclusions, warns of attention, as it emphasizes Kospi and BTC’s shared sensitivity to global risk-on/risk-off flow and shifts to investor risk risks and macroeconomic conditions.
When the sentiment is positive at risk, capital flows into emerging market equality, such as Kospi, which is heavily exported and influenced by global trade dynamics, as well as riskier assets such as Bitcoin.
On the contrary, in times of increased uncertainty or risk avoidance, both have the potential to go down together. This close relationship has been highlighting how bitcoin, despite its unique properties as a digital possession, becomes increasingly intertwined with a broader financial market and is subject to similar economic force.
“Now that Kospi has reached a new high time, it serves another signal of increasing that Bitcoin’s rotation may be close to the conclusion. Wise currency continues to flow between major economies, value stores, risk properties, and sometimes not definitely specific instruments, such as Memecoins, often no foundations,” Alphraccal, said.
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