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Kaiko: South Korea Accounts for 30% of Global Cryptocurrency Trading Volume, Altcoins Represent 85%

2 hours ago

April 15th — Crypto data firm KaikoData reports that South Korea accounts for 30% of global crypto trading volume, with altcoins making up 85% of that share. Bitcoin and Ethereum, meanwhile, represent just 9% and 6% of the country’s crypto trading activity, respectively. South Korean exchanges post an average weekly trading volume of $2.622 billion, which is dominated by altcoins and shows strong speculative tendencies. By contrast, Japan’s monthly crypto trading volume stays steady at $20–30 billion (far lower than South Korea’s monthly equivalent, based on its weekly average). However, Japan’s Bitcoin 1% market depth is 3–5 times that of South Korea, offering better liquidity.
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A certain whale has opened a 40x leverage short position on BTC, with a take-profit order set at $73,450.

On April 15th, per Hyperinsight monitoring (via https://t.me/HyperInsight), a whale wallet starting with 0x931 opened a 40x leveraged BTC short position in the last hour. The position totals $7.48 million, with an average entry price of $74,109 and a liquidation price of $78,060. After racking up roughly 9% in floating profits, the address has placed a market take-profit order to fully close its position at $73,450—about $500 below the current price. Address: 0x931153baac031d055389b41d12cd32c9bf0ae7a3

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