The southern Korea reference equity index, the Kospi, has reached a record of 4,340 points, driven by the perspectives of friendly policies for shareholders and the positive feeling of the global market.
The new high has led an analyst to urge caution between Bitcoin Bulls, suggesting that the growing Kospi could mark the end of Toro BTC’s career, according to the historical relationship between the two assets.
“Every time the Kospi has established a new record, Bitcoin was quoted near its historical maximum of the cycle. The last time this happened was in 2021,” Alphractal said of the Crypto Alphractal analysis platform in X.
The painting indicates that the Kospi reached its peak in the second half of 2021. BTC also reached its maximum point at $ 70,000 in November of that year, and finally fell into a one -year -old market.
A similar pattern arose at the end of 2017, with concurrent peaks in the two assets. It also takes into account the concurrent intermediate tops around June and July 2011.
Incremental signal
The pattern, although limited to supporting definitive conclusions, guarantees attention, since it underlines the shared sensitivity of Kospi and BTC to the global risk/risk of risk and changes in the appetite of risk of investors and macroeconomic conditions.
When the feeling of risk is positive, capital flows to the actions of emerging markets, such as Kospi, which is very exported and influenced by global commercial dynamics, as well as in more risky assets such as Bitcoin.
On the contrary, during periods of greater uncertainty or risk aversion, both tend to reduce together. This close relationship highlights how Bitcoin, despite its unique characteristics as a digital asset, is getting more and more intertwined with broader financial markets and subject to similar economic forces.
“Now that the Kospi has reached a new historical maximum, it serves as another incremental sign that the bitcoin cycle can be about to reach its conclusion. Smart money flows continuously between the main economies, value stores, risk assets and, at the time, strange speculative instruments, such as memecoins, often without the foundations,” said Joao Wedson, founder and CEO of Alphractal
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