Bitcoin rebounded above $83,000 despite an Asian stock crash that sent South Korea’s KOSPI index down 5.5% to close at 6,035.35. Cryptocurrency liquidations reached $812.9 million over 24 hours, with bullish positions accounting for 84.5% of total losses. Samsung Electronics fell 7.39% and SK Hynix declined 10.09%, with the two companies representing approximately half of the KOSPI’s market capitalization. Foreign investors sold approximately 4.5 trillion won, or $3.35 billion, of Korean equities in a single session. Bitcoin’s negative Net Taker Volume suggests buyers have struggled to regain control despite the recovery, leaving the rebound exposed to another test.
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