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[South Korean Retail Investors Lose $1.45 Billion in Leveraged Trading, 460,000 Accounts Liquidated] According to Hupzy citing Bloomberg data, South Korean retail investors have collectively lost $1.45 billion in leveraged trading over the past month, with 460,000 accounts liquidated and an additional 1.2 million leveraged accounts receiving margin call notifications. Investors aged 20 to 30 accounted for 62% of the liquidated accounts. The Korea Financial Investment Association disclosed that forced sell-offs amounted to 451.9 billion won between July 1 and July 13. Market analysts believe that this deleveraging event, occurring in one of the world's most active retail markets, has weakened the appetite for high-risk assets and exerted pressure on the activity of cryptocurrency trading in South Korea. Against the backdrop of the Bank of Korea raising interest rates to 2.75%, the combination of tighter policies and deleveraging has compressed the 'kimchi premium' and dragged down the trading volume of altcoins on platforms such as Upbit and Bithumb.