The 30 day implied volatility of the Korea Composite Index (KOSPI) has risen to an annualized 81%, exceeding the Bitcoin volatility indicator BVIV by approximately 38%. Korean retail investors have placed bets on AI related stocks through financing transactions and leveraged ETFs, with related liquidation volumes exceeding $20000 in less than three months. Nansen research analyst Nicolai Sondergaard said that short-term leveraged long positions were liquidated, and then funds began to accumulate again. Washington, D.C. is about to hold regulatory hearings, and the CLARITY Act is facing a critical test.
