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Analysis: The record high of South Korea's Kospi may indicate that the Bitcoin bull run is nearing its end.
PANews September 11 news, according to CoinDesk reports, the South Korean Kospi index rose to a historic high of 4340 points, benefiting from shareholder-friendly policies and global market sentiment. The encryption analysis platform Alphractal stated that whenever the Kospi reaches a new high, Bitcoin is usually at a cyclical peak, as historically both peaked simultaneously in 2017 and 2021. The analysis pointed out that the Kospi and Bitcoin are highly sensitive to global risk appetite, and the current new high of the Kospi is seen as a signal that the Bitcoin bull run may be coming to an end.