BlockBeats News, July 13th, the protagonist of "Byte Stock Trading Making $30 Million" Leto Bao expressed his views on the continued plunge of the South Korean stock market today, stating that he had completely cleared his position in Samsung by the end of June. The reason was that "the leverage ETF is out of balance with the spot stock, there may be a wave of pullback, I need to use options for hedging, but the South Korean stock market is very weak in this respect, so I sold all South Korean and Japanese stocks, leaving only U.S. stocks, and bought some Put options for hedging to prevent risks."

Leto Bao believes that the South Korean stock market will continue to fluctuate and drag down the entire storage sector, and the turning point will be when the South Korean government starts tightening leverage ETFs.