#koreanretaillost6.3trillionwononleveragedetps
South Korea: 6.3 trillion won lost on leveraged ETPs.
What happened:
Losses in less than 3 months.
6.313 trillion won (~US$4.8 billion).
546,000 accounts affected.
2.32 trillion in realized losses, 3.99 trillion in unrealized losses.
Who suffered the most:
Ages 70 and older: highest average loss per account (~30 million won).
People in their 40s and 50s: more than 62% of total losses.
What this means for crypto:
Liquidations in traditional leveraged markets drain retail liquidity.
Risk aversion increases.
Volatile altcoins feel the impact.
High leverage and volatility destroy capital when the trend reverses.
Debate:
Should leveraged trading be more strictly regulated?
Share.
$IRYS $PHA $BILL
#EarningsSeason
South Korea: 6.3 trillion won lost on leveraged ETPs.
What happened:
Losses in less than 3 months.
6.313 trillion won (~US$4.8 billion).
546,000 accounts affected.
2.32 trillion in realized losses, 3.99 trillion in unrealized losses.
Who suffered the most:
Ages 70 and older: highest average loss per account (~30 million won).
People in their 40s and 50s: more than 62% of total losses.
What this means for crypto:
Liquidations in traditional leveraged markets drain retail liquidity.
Risk aversion increases.
Volatile altcoins feel the impact.
High leverage and volatility destroy capital when the trend reverses.
Debate:
Should leveraged trading be more strictly regulated?
Share.
$IRYS $PHA $BILL
#EarningsSeason