[Opinion: Despite today's violent rebound, the South Korean stock market is unlikely to quickly recover to previous highs] BlockBeats News, July 31, well-known U.S. trader Ariel Hernandez stated in an article that at the end of July, excessive leverage in AI semiconductor stocks in the South Korean stock market led to a sharp decline. After a brutal leverage washout, some traders were liquidated, making it difficult for the market to quickly stage a V-shaped recovery to the highs of a few weeks ago. Ariel Hernandez cited the example of the silver market's leverage unwinding earlier this year, explaining that such trends are often accompanied by increased supply from sellers and reduced willingness for new buyers to leverage, making a rapid reversal unlikely. Previous highs often take months or even years to approach. [Original link]