According to Woofun AI, concerns in the field of artificial intelligence (AI) have rapidly heated up, triggering a sharp sell-off of the Korea Composite Index. At the same time, the Bitcoin trend is significantly divided.
The Korea Composite Index fell 5.5% in a single day during the Asian trading session on Tuesday. Currently, the index has fallen about 38% from the high (ATH) set in June. In stark contrast to this, Bitcoin briefly fell to around $58,000 after peaking in Korean stocks, then rebounded strongly by more than 40%. It once fell back to around $81,000 during the Asian session on Tuesday and then rose again above $83,000. This sharp divergence in price trends highlights a structural shift in market risk appetite.
From a technical perspective, the weekly chart reveals a fundamental shift in the relationship between the two. According to data compiled by Woofun AI, the 20-day rolling correlation coefficient between Bitcoin and the Korea Composite Index has dropped to -0.41, showing clear negative correlation characteristics.
This data suggests that as investors gradually reduce their exposure to artificial intelligence, capital may be flowing to alternative assets such as Bitcoin. However, the correlation coefficient alone is not enough to fully clarify the ultimate direction of capital flows, and market uncertainty is still high.
The reason for the decline was mainly due to fundamental concerns about the industry. According to the Financial Times, Broadcom (AVGO.US) CEO Hock Tan (Hock Tan) compared speculative investment in artificial intelligence to casino gambling, a move that heightens the market's doubts about whether huge infrastructure investments can be sufficiently rewarded.