KOSPI Breaks Through Ceiling…"Suggests Bitcoin Cycle Peak"

JOON HYOUNG LEE

Summary

Alphractal reported that as the KOSPI index hit an all-time high, the possibility of a Bitcoin cycle peak was raised.
They said that in the past when KOSPI reached a record high, Bitcoin also traded near its cycle high.
Alphractal's CEO emphasized that KOSPI's strength can be interpreted as a signal of the final stage of the Bitcoin cycle.

*KOSPI index and Bitcoin (BTC) price trends over the past 15 years. Photo provided by Alphractal*

The KOSPI index, which has been setting record highs day after day, may indicate a Bitcoin (BTC) cycle peak, according to an analysis.

Cryptocurrency analytics firm Alphractal said on the 11th (local time) via X, "KOSPI has hit an all-time high for the first time since 2021," adding, "Whenever KOSPI hit an all-time high, Bitcoin traded near the cycle high." Alphractal added, "The last time this flow occurred was in 2021."

In fact, KOSPI recorded its previous peak in the second half of 2021. Bitcoin's price surged to $70,000 in November of the same year and then declined for a year. CoinDesk reported, "At the end of 2017, both KOSPI and Bitcoin recorded highs simultaneously, showing a similar pattern."

Alphractal emphasized that the rapidly surging KOSPI could suggest a Bitcoin cycle peak. Joao Wedson (Alphractal CEO) said, "KOSPI hitting an all-time high is another signal that the Bitcoin cycle is entering its finishing stage."

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