Key Notes

South Korea's Kospi index reached a record high of 4,340 points on Sept.11.

Historically, Kospi peaks have aligned with Bitcoin cycle tops in 2017 and 2021.

Analysts suggest this correlation signals that the current Bitcoin bull run may be nearing its end.

South Korea’s main equity index, the Kospi, climbed to a record high of 4,340 points, driven by strong earnings in the semiconductor sector and expectations of U.S. interest rate cuts.

However, after a 38% gain year-to-date, some market participants warn of potential profit-taking if corporate earnings fail to meet expectations.

This development is prompting caution among some analysts. Based on historical data, the new high for the Kospi could indicate that the bull run for Bitcoin BTC $113 982 24h volatility:

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