This is really INTERESTING.

🇰🇷 South Korean liquidity may be rotating from Stocks back into crypto.

KOSPI rose 80% in just 4 months while Bitcoin fell 52% over the same period.

That rally in Korean equities eventually pushed the market into euphoria, with leverage and ETF volumes accelerating sharply.

Now the trend is reversing. Foreign investors are exiting South Korean equities at a record pace.

$13.7B of KOSPI stocks were sold in February, the largest monthly outflow ever recorded.

KOSPI is now down 18% in the last 2 days.

The KOSPI Volatility Index is at its highest level since the 2008 financial crisis, while the Korean won just recorded its largest one-day drop against the dollar since 2009.

Since the KOSPI selloff began, a divergence has appeared: over the last 5 days, KOSPI has fallen roughly 20%, while Bitcoin is up 11%.

This divergence suggests liquidity may be rotating from Korean equities back into crypto.