BTC Losses Turn into Poisoning: South Korea Incident
BTC/USDT
$21,201,579,335.94
$68,086.00 / $64,290.71
Change: $3,795.29 (5.90%)
-0.0009%
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Contents
A man in his 30s in South Korea is accused of poisoning his business partner by making him drink coffee laced with pesticide due to Bitcoin investment losses. The Seoul Eastern District Prosecutor's Office claims he added methomyl pesticide to his partner's coffee in a cafe in November; Chosun and Asia Business Daily reports confirmed this. The victim fainted after drinking the coffee, was taken to the hospital, and regained consciousness three days later.
Details of the South Korea BTC Poisoning Incident
The duo had been managing BTC investment programs since 2022. After the defendant lost 1.17 billion Korean won (approximately 816 thousand dollars), including company funds, the victim took control of the company's financials. The victim stated that at the time of the poisoning, he was about to get married, his wife was in early pregnancy, the family was nearly wiped out, and he still goes to the hospital. The trial will begin on March 10 at the Seoul Eastern District Court; the defendant is being tried for attempted murder and violation of the Pesticide Control Act.
Psychological Effects of BTC Investment Losses
This incident shows that the stress caused by the volatility of the crypto market can lead to extreme reactions. Goldman Sachs CEO's recent warnings, predicting Bitcoin price crashes and chain liquidations, are unsettling investors. The South Korean crypto market grew with legal support from President Lee Jae-myung and has over 16 million users.
Current BTC Price and Technical Analysis
Bitcoin has fallen below 90 thousand dollars towards year-end from its October peak of 125 thousand dollars and is currently trading at 65,082.87 USD (+2.96% 24h). RSI at 33.87 is in the oversold region, the trend is downward, and Supertrend is giving a bear signal. EMA 20: 69,094.85 USD.
| Support Levels | Price | Score | Distance |
|---|---|---|---|
| S1 | 64,254.75 USD | 74/100 (⭐ Strong) | -1.12% |
| S2 | 60,000 USD | 67/100 (⭐ Strong) | -7.67% |
| Resistance Levels | Price | Score | Distance |
|---|---|---|---|
| R1 | 68,660.47 USD | 74/100 (⭐ Strong) | +5.66% |
| R2 | 65,048.07 USD | 64/100 (⭐ Strong) | +0.10% |
Experts state that the S1 support is critical for BTC detailed analysis.
Institutional BTC Holders and Risk Management
Michael Saylor's MicroStrategy strategy continues by basing BTC purchases on preferred shares linked to common shares. Turkish company Net Holding (NTHOL.IS) ranks 74th in institutional standings with 352 BTC. This emphasizes institutional resilience unlike individual investors.
South Korea Crypto Regulations and Future Risks
Despite market growth, BTC futures volatility triggers losses. Investors should protect themselves with portfolio diversification and stop-loss orders. Similar incidents highlight the need for psychological support.
Recommendations for BTC Investors
- Apply risk management against volatility.
- Examine institutional strategies: BTC spot analysis.
- Avoid emotional decisions.