TechFlow News: On February 11, Bloomberg reported that since the cryptocurrency market crash in October last year, retail investors in South Korea have been exiting the crypto market en masse. Last month, an anonymous Korean trader posted on a South Korean social media platform stating that losses from Bitcoin futures investments amounted to approximately $60,000, resulting in “losing all assets and getting divorced.” This reflects the severe losses suffered by South Korean retail investors amid the recent cryptocurrency market downturn. Cryptocurrency prices on Seoul-based exchanges have also been impacted by the market slump. The cryptocurrency market crash beginning in October last year has significantly hit South Korean retail traders, with many investors choosing to exit the market due to losses.
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