Analysis: South Korea's Kospi's record high may signal the end of Bitcoin's bull run

South Korea's Kospi index rose to a record high of 4,340 points, benefiting from shareholder-friendly policies and global market sentiment. Crypto analytics platform Alphractal stated that Bitcoin typically reaches cyclical highs when the Kospi reaches new highs, with both reaching peaks simultaneously in 2017 and 2021. The analysis noted that both the Kospi and Bitcoin are highly sensitive to global risk appetite, and the current Kospi high is seen as a signal that Bitcoin's bull run may be coming to an end.