#比特币反弹至8.3万美元上方
South Korea’s stock market plunged 5.5% in a day, while Bitcoin surged — their correlation has turned negative 🦖
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During Tuesday’s Asian trading session, South Korea’s KOSPI closed down 5.5%, bringing its losses for the week to 7.4%. It fell below its 200-day moving average for the first time since the end of July. Meanwhile, Bitcoin rebounded from a low near $81,000 to $83,944, gaining over 2.5% on the day. Same time zone: one was crashing, the other rising.
Semiconductor stocks led the decline. SK Hynix closed down over 10%, while Samsung Electronics fell around 7%. Even more striking was the flow of funds: since the start of 2026, foreign investors have sold a combined roughly 173 trillion won (about $129 billion) worth of shares in SK Hynix and Samsung — accounting for almost all of the KOSPI’s net outflows this year.
Two factors triggered the sell-off. First, Broadcom’s CEO likened speculative AI investment to gambling in a casino. Second, Chinese memory chip rival CXMT announced a breakthrough in memory technology, striking directly at the heart of South Korean chipmakers’ profits.
The contrast is even clearer over a longer period. The KOSPI is down about 38% from its record high in June, while Bitcoin has rebounded from a low of $58,000 to a peak of $87,000 over the same period, a gain of about 40%. The 20-week rolling correlation has fallen to -0.41, indicating a moderate negative correlation.
In other words, as markets cut their exposure to AI trades, that money hasn’t all flowed into Bitcoin. But this time, Bitcoin has clearly avoided the kind of plunge alongside tech stocks that we saw in August. A shift to negative correlation at least suggests it’s starting to be priced as a different kind of asset.
But don’t rush to conclusions. Since October, U.S. spot Bitcoin ETFs have seen net outflows of $451 million, including $69 million on Monday alone. In other words, fresh money is actually leaving the market. There’s also a thick wall of sell orders above $84K. The short-term rise is more likely due to selling pressure temporarily easing. And with this week’s CPI data and the Fed’s October 28 rate decision still ahead, there’s plenty of uncertainty.
Do you think Bitcoin has really decoupled from tech stocks this time, or is this just a temporary divergence? Share your thoughts in the comments 📉📈
Follow me for daily updates on crypto trends. I’ll not only tell you what’s happening, but also help you understand the logic and opportunities behind it 👀🚀
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South Korea’s stock market plunged 5.5% in a day, while Bitcoin surged — their correlation has turned negative 🦖
📈 进群看今日思路
During Tuesday’s Asian trading session, South Korea’s KOSPI closed down 5.5%, bringing its losses for the week to 7.4%. It fell below its 200-day moving average for the first time since the end of July. Meanwhile, Bitcoin rebounded from a low near $81,000 to $83,944, gaining over 2.5% on the day. Same time zone: one was crashing, the other rising.
Semiconductor stocks led the decline. SK Hynix closed down over 10%, while Samsung Electronics fell around 7%. Even more striking was the flow of funds: since the start of 2026, foreign investors have sold a combined roughly 173 trillion won (about $129 billion) worth of shares in SK Hynix and Samsung — accounting for almost all of the KOSPI’s net outflows this year.
Two factors triggered the sell-off. First, Broadcom’s CEO likened speculative AI investment to gambling in a casino. Second, Chinese memory chip rival CXMT announced a breakthrough in memory technology, striking directly at the heart of South Korean chipmakers’ profits.
The contrast is even clearer over a longer period. The KOSPI is down about 38% from its record high in June, while Bitcoin has rebounded from a low of $58,000 to a peak of $87,000 over the same period, a gain of about 40%. The 20-week rolling correlation has fallen to -0.41, indicating a moderate negative correlation.
In other words, as markets cut their exposure to AI trades, that money hasn’t all flowed into Bitcoin. But this time, Bitcoin has clearly avoided the kind of plunge alongside tech stocks that we saw in August. A shift to negative correlation at least suggests it’s starting to be priced as a different kind of asset.
But don’t rush to conclusions. Since October, U.S. spot Bitcoin ETFs have seen net outflows of $451 million, including $69 million on Monday alone. In other words, fresh money is actually leaving the market. There’s also a thick wall of sell orders above $84K. The short-term rise is more likely due to selling pressure temporarily easing. And with this week’s CPI data and the Fed’s October 28 rate decision still ahead, there’s plenty of uncertainty.
Do you think Bitcoin has really decoupled from tech stocks this time, or is this just a temporary divergence? Share your thoughts in the comments 📉📈
Follow me for daily updates on crypto trends. I’ll not only tell you what’s happening, but also help you understand the logic and opportunities behind it 👀🚀
Tap the profile picture to watch the livestream