South Korea’s Stock Market Triggered 8th Circuit Breaker of 2026: Bitcoin Liquidated 3 Times Near $64,000

Bitcoin slipped back below $64,000 after roughly $100 million in leveraged crypto positions were liquidated in one hour, marking the third major flush around this level in less than a week. The move was linked to a sharp selloff in South Korean equities, with the KOSPI triggering its eighth circuit breaker of 2026 after a steep decline driven by weakness in U.S. semiconductors. The article frames BTC as increasingly trading like high-beta tech, with macro risk sentiment and Fed policy expectations weighing on price action. Bitcoin remains range-bound between roughly $62,500 and $65,500, with traders watching $61,500 as a key downside pivot and $71,000+ as the breakout zone. Despite the volatility, the piece notes strong institutional demand, including a roughly $266 million net inflow into Bitcoin ETFs, suggesting underlying support if macro pressures ease.