Build-up
Snap
Play
leverage
2x
Korean ants leverage loop, snap, and rotation into US stocks
1 ants borrow
leverage builds
2
leveraged
ETFs
amplify both ways
record highs pull more ants in
3 doubles to record
4 forced deleveraging
multiplies drawdown
5 regulators
tighten rules
6
rotation
into US stocks
7 KB Securities → TipRanks
data already wired in
accounts 110.8M vs population 51.6M
deposits ~90T won, peaked above 135T