The most reckless Korean traders have pulled out of the crypto market, and now the Turks, who are in the deepest losses, along with many from Mainland China, are slowly shifting to the US stock market. Zhao Si has been having a tough time lately, getting celebrities to endorse him everywhere, claiming that he isn't responsible for the 10.11 crash—then why not release the data from the night of 10.11? 😅 Even the most naive 'retail investors' know the tricks of your exchange.
The most striking change this round isn't about who's calling the shots harder, but rather which group is quietly changing tables. The level of participation from Koreans in the crypto market was something the whole world could see, and now they're slowly backing off. The US stock market, AI, and semiconductors are getting more crowded, indicating that people aren't losing their appetite for risk; they’re just moving to a casino that looks 'more respectable, has better fundamentals, and is easier to latch onto mainstream narratives.'
The migration in the market is often not driven by emotions, but by scars. When a place suffers too much loss, has too many dirty rules, and takes too long to break even, people will naturally flow towards another area that appears to be more of an opportunity. Many say it's about portfolio adjustment, but to put it bluntly, money will flow wherever a new wealth story can be told.
The most striking change this round isn't about who's calling the shots harder, but rather which group is quietly changing tables. The level of participation from Koreans in the crypto market was something the whole world could see, and now they're slowly backing off. The US stock market, AI, and semiconductors are getting more crowded, indicating that people aren't losing their appetite for risk; they’re just moving to a casino that looks 'more respectable, has better fundamentals, and is easier to latch onto mainstream narratives.'
The migration in the market is often not driven by emotions, but by scars. When a place suffers too much loss, has too many dirty rules, and takes too long to break even, people will naturally flow towards another area that appears to be more of an opportunity. Many say it's about portfolio adjustment, but to put it bluntly, money will flow wherever a new wealth story can be told.