South Korea's KOSPI index now has higher realized volatility than Bitcoin, with 57% annualized swings versus BTC's 47%, flipping long-held risk assumptions.

That volatility, felt on dealing desks from Tokyo to New York, has not only wreaked havoc with portfolios - it has also dramatically distorted investors' views on fundamentals in…

South Korea's KOSPI index now has higher realized volatility than Bitcoin, with 57% annualized swings versus BTC's 47%, flipping long-held risk assumptions.