South Korea’s Benchmark-General Capital Index, KOSPI, has reached a record height of 4,340 points, driven by prospects of shareholder-friendly policies and positive global market atmosphere.
The new High has got an analyst to call for caution among Bitcoin Bulls, suggesting that the growing Kospi could mark the end of the BTC Bull Run, in accordance with the historical connection between the two assets.
“Every time Kospi has set a new record high, Bitcoin traded close to its highest high of the cycle. The last time this happened was back in 2021,” said Crypto Analytics platform alphractal on X.
The chart shows that KOSPI reached its peak in the second half of 2021. BTC also peaked closer to $ 70,000 in November of that year and eventually fell on a year -long bear market.
A similar pattern emerged in late 2017 with contemporary peaks in the two assets. Also note the contemporary preliminary peaks around June and July 2011.
Step -by -step signal
The pattern, although limited to support for final conclusions, guarantees attention as it emphasizes the common sensitivity of KOSPI and BTC to global risk-on/risk-off currents and shifts in investor risk and macroeconomic conditions.
When the risk sight is positive, the capital flows into new market shares, such as Kospi, which is highly export -oriented and influenced by global trade dynamics, as well as to more risky assets such as Bitcoin.
Conversely, both tend to collapse during periods of increased uncertainty or risk aversion. This close relationship highlights how Bitcoin, despite its unique qualities as a digital asset, is becoming more and more intertwined with wider financial markets and subject to similar financial forces.
“Now that KOSPI has reached a new height at all times, it serves as yet another incremental signal that the Bitcoin cycle may be approaching its conclusion. Smart money continuously flows between larger economies, stores of value, risk assets and, as a founder-extracting speculative instruments, such as Memecoins, often without fundamental,” Alphractal,.
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