“Alphractal Called Kospi’s Record High An Incremental Signal That Bitcoin’s Bull Run May Be Nearing an End.”, – WRITE: www.coindesk.com
The New High Has Prompted One Analyst to Urge Caution Among Bitcoin BTC$ 114.436.61 Bulls, Suggesting that Surging Kospi Could Mark the End of the Btc Bull Run, Consistent with the Historical Relation Between the Two Assets.
“Every Time The Kospi Has Set a New Record High, Bitcoin Was Trading Close to Its All-Time High of The Cycle. The Last Time This Happened Was Back in 2021,” Crypto Analytics PLATICS PLATICSS.
BTC and KOSPI PEAKED CONCURRENTLY IN LATE 2017 AND 2021. KOSPI AND BTC PRICE Charts. (TradingView/Coindesk)
The Chart Indicates that Kospi Reached Itak in the Second Half of 2021. BTC Also Peked Closer to $ 70,000 in November That Year, Eventualally Falling Into A Year-Long Bear Market.
A Similar Pattern Emerged in Late 2017, with Concurrent Peaks in the Two Assets. Also Note The Concurrent Interim Tops AROUND JUNE AND JULY 2011.
Incremental SignalThe pattern, Thought to Support definitive Concludions, Warrants Attmentation, AS It Underscores the Shared Sensitivity and Macroeconomic Conditions.
WHEN RISK SENTIMENT IS POSITIVE, CAPITAL FLOWS INTO EMERGING MARKET EQUITIES, SUCH AS The KOSPI, WHICH is Heavly Export-Oriented and Influenam, Influena Global Trade Dyna. Assets Like Bitcoin.
Conversely, Durying Periods of Heigheted Uncertainty or Risk Aversion, Both Tend to Deckline Together. This Close Relationship Highlights How Bitcoin, Despite Ity Unique Characteristic As A Digital Asset, Is Become Increating Intertwines With Broader Financial Focal.
“Now the kospi has reaured a new all-time High, It Serves as yet Another Increment Signal That Bitcoin Cycle May Be Nearing Iting Its Conclusion. Smart Money Flowy Bladus continu. of Value, Risk Assets, and –Ametimes – Experemely Specialize Instruments, Like Memecoins, Often Without Fundamentals, “Joao Wedson, Founder and Ceo of Alfrak.
Read More: Dogecoin Leads Gain, Bitcoin Pops to $ 114k As M2 Setup Opens BTC Catchup Trade
Crypto edged Higher with Bitcoin Near $ 114k and Doge Leading, While A CF Benchmarks Model Says Btc Trades Beair Value Relative to Money Suppply Growth, A Pattern.
- Bitcoin Traded AROUND $ 114,200, UP 2.4% Over 24 Hours, AMID A SIGNFICANT MACROCONOMIC Week.
- Ether, XRP, BNB, and Solana’s Sol Also Saw Gains, with Dogecoin Leading with A 5% Daily Increase.
- Analysts Note Bitcoin May Be Undervalued Compared to Us M2 Growth, Suggesting Potential for Future Price Increases.
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