코스피 폭락의 진짜 범인, 외국인이 아니라 개미투자자가 문제인 이유 (문제는 **이다)

If you have been blaming only foreign investors when the KOSPI collapsed, you must watch this video to the end. In reality, it was 212 trillion won from retail investors who flocked to leveraged ETFs in pursuit of a jackpot that emptied the order book. If you do not understand this structure, you will suffer the same fate during the next crash. In this video, we dissect the mechanical chain of events that turned the entire KOSPI order book into a piece of paper with single-stock leveraged ETFs on Samsung Electronics and SK Hynix, and why foreign investors were able to smash the entire index with just a few thousand shares. We use data to pinpoint the true nature of the "wag the dog" phenomenon, the self-destructive structure of rebalancing algorithms, and even the limitations of government regulations. Finally, we summarize three practical tracking methods—foreign futures open interest, cumulative positions, and basis—to provide you with the tools to read market direction using data, not intuition. 📍 Chapter 00:00 Intro — It Was Not Foreigners Who Shattered the KOSPI 01:05 The Shock of the Simultaneous Listing of 16 Leveraged ETFs on May 27 03:50 Why Is There Not a Single Share Left in the Order Book 06:03 The Thinned Order Book and the Reality of the Supply and Demand Domino Effect 08:46 Wag the Dog — The Rebalancing Structure Where the Tail Wags the Dog 11:52 Foreigners' Two-Step Strategy of Lifting and Pushing 13:27 Raising Deposits and Reducing Multiples: The Limitations of Government Measures 16:40 3 Practical Tracking Methods — Open Interest, Cumulative Position, and Basis 19:18 The Current Korean Stock Market Where the Myth of Fundamentals Has Collapsed If this was helpful, please subscribe, like, and turn on notifications. This way, you won't miss the next market analysis video. Are you currently holding leveraged ETFs, or have you already liquidated them? Please share the basis for your judgment in the comments. This video is for informational purposes only and is not a recommendation to buy or sell any specific stock or product. You are solely responsible for your own investment decisions and liabilities. #KOSPICrash #LeverageETF #SamsungElectronicsSKHynix #ForeignInvestorSupply #WagTheDog