[Morning Market Outlook] Bitcoin at 104.49 million won… 44% of stocks rise

As of 7:30 a.m. KST on November 1, the South Korean crypto market leaned bearish, with 24-hour trading volume on Upbit and Bithumb at 1.3 trillion won and only 16 of 36 tokens with volumes above 5 billion won higher, a 44% gain ratio. Bitcoin rose 0.3% to 104.49 million won and Ethereum gained 0.7% to 3.04 million won, though the broader market declined. Upbit-listed Risk (리스크) led gainers, surging 20.4% to 331 won on 108.2 billion won in volume, the highest absolute turnover, followed by Stacks (STX) up 12.7% and Beam (BEAM) up 12.0%. On the downside, QuarkAI (쿼크에이아이) fell 33.5% and CAP dropped 11.1%. The divergence between strength in major assets and weakness across most of the market suggests rotation rather than broad risk appetite. Watch whether volumes concentrate further in a handful of altcoins and if BTC holds the 104 million won level.