Key Summary

As of 7:30 a.m. on September 18, Bitcoin traded at KRW 105.3 million (+0.4% over 24 hours) and Ethereum at KRW 3.37 million (+1.3%), while combined Upbit and Bithumb turnover totaled KRW 2.1 trillion. Majors were nearly flat and only 32 of 43 tokens with more than KRW 5 billion in volume advanced, a 74% breadth reading that points to speculative rotation rather than broad risk-on: Travala surged 74.8% to KRW 374 on KRW 52.4 billion of turnover, with Delysium up 28.4% and Uniswap up 18.9%, against JPYC down 22.0% and Vitor Token down 10.6%. The confirmation to watch is whether domestic turnover expands beyond the KRW 2 trillion range and lifts BTC and ETH themselves; without that, single-name spikes on one exchange remain thin-liquidity moves with sharp reversal risk.