The asymmetric correlation — following equities lower but not following them higher — is not a new phenomenon in Bitcoin's price history. It typically appears during periods when Bitcoin's macro headwinds are more persistent than the specific catalyst driving equity recovery. The Kospi's 17% rebound was driven by South Korea's emergency market stabilization measures — leveraged ETF restrictions, increased transaction costs, government commitment to further stabilization — combined with the broad semiconductor relief trade after the worst of the AI trade repricing appeared to stabilize. These are equity-market-specific catalysts that do not address Bitcoin's specific headwinds: the FOMC decision and its forward guidance on September hike probability, oil above $90 from the Iran-Jordan ballistic missile escalation, and the structural macro configuration of 4.1% inflation against a 2% Fed target.