Bearish

KOSPI triggers sell-side sidecar; leveraged ETFs hit volatility interruption

min

KOSPI triggers sell-side sidecar as leverage ETPs hit VI

KOSPI hit a sell-side sidecar. Leverage products briefly entered VI.

Exchanges halted some order flows after a sharp drop. The sidecar paused futures program trading. Volatility Interruption kicked in for several leveraged ETPs.

Implications for crypto:
- Risk-off in Korea can cut flows to crypto.
- Watch KRW pairs on BTC and ETH.
- Elevated funding risk for KRW-perp traders.

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