It is clear why South Korea is so important for the crypto market. According to the latest data, more than 30% of the country's residents invest in crypto assets.

In November, the number of cryptocurrency users grew to 15.6 million. The volume of deposits on cryptocurrency exchanges grew by 88% during the same period, reaching 8.8 trillion won (about $6 billion).

The latest political crisis due to the conflict between the local president and the opposition became the reason for the market correction.

A reasonable question - will South Korea be the reason for greater market corrections in the future? Or, perhaps, even a "black swan"?

In terms of adoption - if in the past bear market it was part of the scams of crypto companies - in the next bear market we may be talking about the scam of entire "crypto-states". Although South Korea is not El Salvador, and there is no talk of a BTC reserve there - it would be enough for a major shock to happen in a country with a developed crypto market.

In short, just as before the US presidential election we looked at the Tesla stock chart to predict the winner - so it is worth looking, for example, at the Korean won rate in order to predict the stability of the country's crypto market.