Upbit Trading Volume Surges 1426% as Capital Shifts from South Korean Stocks

South Korean equity market decline drives crypto inflows, causing Upbit volume to spike 1426%. Bitcoin stabilizes near $62,600 with $283M in 24h liquidations.

Woofun AI data shows that Upbit trading volume increased by 1426% as capital migrated from the South Korean stock market, where the KOSPI index dropped approximately 10% since last Friday. Bitcoin price stabilized around $62,600 following a dip to $61,800, with total 24-hour liquidations reaching $283 million, 74% of which were long positions. Binance heat map data identifies $61,300 as a critical support level.

Altcoin performance remained mixed, with LIT and ENA rising 5.7%, NEAR up 3.3%, and FET gaining 1.7%, while JUP and WLFI declined by 1.5% and 0.5% respectively. The CoinMarketCap "Alt Season" index climbed to 54, marking its first rise above the 50 threshold in recent history.