KOSPI Volatility Surges 113% Above Bitcoin as AI Hype Cools
2026-07-17 19:52

Woofun AI data shows that the Korea Composite Stock Price Index (KOSPI) has declined nearly 25% over the past four weeks as AI investment enthusiasm wanes. The KOSPI 30-day implied volatility index has risen to an annualized 81%, exceeding the Bitcoin volatility indicator BVIV of approximately 38%. South Korean retail investors utilized margin trading and leveraged ETFs for AI stocks, resulting in over $2 trillion in forced liquidations within three months.

Bitcoin trades below its 50-day moving average, with 30-day volatility roughly double the S&P 500 VIX. Nansen reports that large capital wallets have not shifted significantly to stablecoins despite geopolitical tensions. Analyst Nicolai Sondergaard noted that short-term leveraged longs were liquidated before capital accumulation resumed. Market attention is now on upcoming regulatory hearings in Washington D.C.

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Nicolai Sondergaard
Nansen
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