CoinEx News: On July 29, South Korea’s KOSPI triggered a circuit breaker for a second consecutive session, taking its decline from the June 22 peak to about 38%. Global memory leaders are down roughly 30%–50% from June highs, while Bitcoin held near $64,000, up around 7% over 30 days after already falling roughly 48% from its October 2025 peak. U.S. spot Bitcoin ETFs retained $472.8 million of net inflows from July 14–28, despite four consecutive outflow sessions through July 28.

Evidence that Bitcoin is trading in a bottoming zone is strengthening because BTC completed a similar-scale adjustment earlier and is resisting a near-crash in Korean equities. Gemini co-founder Cameron Winklevoss on July 28 framed the moment more bluntly, declaring the AI trade over and urging capital to rotate into Bitcoin and Zcash. The July 29 FOMC decision is the next stress test. Holding above $62,000 through the FOMC decision and the next ETF flow update would give this relative strength greater credibility.