South Korea's Central Bank: 91.2% of the volume in the South Korean crypto market is contributed by the top 10% of accounts, and the risk of market manipulation is rising.

According to Mars Finance, the latest financial stability report released by the Central Bank of Korea shows that the activity level of the Korean crypto market is still higher than the global average, at 157% and 112%, respectively. However, as Bitcoin is expected to surpass $100,000 in 2025, the behavior of Korean retail investors has shifted from actively building positions to concentrating on taking profits and significantly cashing out. The report points out that 91.2% of the trading volume in the Korean crypto market is contributed by the top 10% of accounts, leading to an increased risk of market manipulation. The Central Bank of Korea warns that if institutional and ETF access is opened up, the vulnerability of the Korean market in global fluctuations will intensify. Currently, the related hot money has shifted to the local stock market and leveraged ETFs in the US.

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