I just reviewed the crypto market data in South Korea, and the situation looks quite tense. Stablecoin balances have dropped by more than 50%, which is a significant move that cannot be ignored.

The interesting thing is that while crypto liquidity in South Korea is collapsing, local investors are turning toward traditional stocks. It's as if they are seeking refuge in more conventional assets. Usually, when you see this kind of movement in South Korea, it indicates some concern or a shift in market confidence.

This isn't the first time we've seen such volatility in the region, but the magnitude of the stablecoin drain in South Korea is remarkable. Local traders are clearly repositioning. We will need to watch how this develops in the coming weeks.