South Korea’s Stock Market Triggered 8th Circuit Breaker of 2026: Bitcoin Liquidated 3 Times Near $64,000

Bitcoin News: BTC price is trading at $63,582 on July 28, down 2.12% in the past 24 hours, and the level that keeps breaking traders this week just did it again.

The asset slipped back below $64,000 as a fresh wave of liquidations hit, and there’s a broader macro story behind the move that matters more than the headline number.

Roughly $100 million in leveraged positions were wiped out across crypto in a single hour on Monday, the third flush around the $64,000 zone in less than a week. The prior two episodes were not minor: an $87 million liquidation event late last week (split $70M long / $17M short) was followed by $75 million in 24-hour liquidations after three failed attempts to clear $65,500.

Today’s episode was faster than both. The trigger this time was a sharp selloff in South Korean equities; the KOSPI dropped 8.02% (542.24 points) to 6,213.51, triggering the index’s eighth circuit breaker of 2026, driven by a plunge in U.S. semiconductor stocks.

Crypto and semis have traded in close correlation for most of the year, with BTC increasingly behaving as high-beta tech exposure.

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