Odaily Planet Daily reports that South Korea's Kospi index rose to a record high of 4,340 points, benefiting from shareholder-friendly policies and global market sentiment. Crypto analytics platform Alphractal notes that every time the Kospi reaches a new high, Bitcoin typically reaches a cyclical high, with both peaking simultaneously in 2017 and 2021. The analysis notes that both the Kospi and Bitcoin are highly sensitive to global risk appetite, and the current Kospi high is seen as a signal that Bitcoin's bull run may be coming to an end.