# KOSPI Plummets, Technical Bear Market & Liquidation Frenzy!
**Date:** 2026-07-17  
**Source:** [YouTube](https://www.youtube.com/watch?v=Qf9aHWulI_I)

## Main Thesis
The South Korean KOSPI index has entered a technical bear market, falling around 30% amidst a liquidation frenzy driven by excessive retail leverage, and the bottom is not yet in as it continues to melt down.

## Charts & Technical Analysis

### 1. KOSPI (4-hour, weekly)

**Bias:** BEARISH
**Pattern:** descending channel, series of lower lows and lower highs

Atkinson notes the KOSPI is 'falling off a cliff', having lost around 30% as an index, which puts it in a technical bear market. He highlights a liquidation event where regulators banned leveraged ETFs for single stocks after discovering 1.2 million accounts at significant leverage risk and 360,000 getting liquidated. On the 4-hour chart, he points out the index is in a downward channel with a series of lower lows and lower highs. He states that there is no higher high yet, and it's unknown where the bottom is as the index continues to 'melt down'.

## Regime / Cycle Analysis
The analysis focuses on a specific market event in South Korea where regulators have stepped in to ban leveraged ETFs for single stocks. This was prompted by a discovery of 1.2 million accounts at significant leverage risk, leading to a liquidation event of approximately 360,000 accounts this week, causing the KOSPI to plummet.

## Key Calls & Predictions
- The KOSPI is in a technical bear market, having fallen ~30%.
- The bottom is not yet in for the KOSPI; it is continuing to melt down.
- Traders should wait to see a higher high before considering that a bottom may have been formed.

## All Instruments Mentioned
KOSPI

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*Generated by FX Evolution Monitor on 2026-07-18 02:00:14*