Fourth KRX full-market halt this year and only the 10th on record is a liquidity warning for crypto. Korea’s AI/chip beta was part of the same risk bucket that kept KRW retail bid alive on Upbit/Bithumb; Samsung and SK Hynix printing roughly -12% days means local risk appetite can flip from alt-chasing to cash fast. BTC being down only about 2% looks orderly for now, but if Nasdaq opens into the selloff, AI coins and high-beta L1 perps are first in the liquidation queue.

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