South Korea’s KOSPI crashes 10% as regulator admits ETF mistake – Bitcoin falls below $63,000

South Korea’s KOSPI plunged ~10% and triggered a market halt after the regulator admitted it had rushed approval of leveraged funds tied to two major chipmakers. The shock sent risk assets into a sell-off and Bitcoin fell below $63,000, showing it was swept up in equity-driven liquidity stress rather than acting as a safe haven. Expect elevated short-term correlation with global equities and higher volatility for BTC; continued equity weakness could push prices lower, while stabilization in Asian markets would likely relieve downward pressure.