Bloomberg: Since the market crash last October, Korean retail investors have been exiting the cryptocurrency market in large numbers.
Foresight News reported, citing Bloomberg, that since the cryptocurrency market crash last October, retail investors in South Korea have been exiting the crypto market in large numbers. An anonymous Korean trader stated on a Korean social media platform last month that he lost about $60,000 on bitcoin futures investments, resulting in "losing all his assets and getting divorced." This reflects the severe losses suffered by South Korean retail investors during the recent downturn in the cryptocurrency market. Cryptocurrency prices on the Seoul Exchange have also been affected by the market slump. The crypto market crash that began last October has dealt a significant blow to Korean retail traders, with many investors choosing to exit the market due to losses.
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