Bitcoin Long-Dormant Movement Falls to 4-Year Low on July 27; Shiba Inu Surges 36% on Korean Retail Demand

According to Dailian and CoinDesk, on July 27, dormant Bitcoin movement reached its lowest level since Q3 2022, signaling reduced selling pressure from long-term holders. Bitcoin traded at $65,090 on CoinGecko as of 9 a.m. local time. The Coin Days Destroyed metric, which weights older Bitcoin transfers, showed similar declines, indicating long-term investors are prioritizing holdings over profit-taking after consecutive years of gains.

Meanwhile, Shiba Inu surged approximately 36% in a single day with no major development announcement, driven primarily by Korean retail traders. Korean markets accounted for over 10% of global SHIB trading volume, with a price premium forming over dollar-denominated exchanges. Short positions totaling approximately $5 million were liquidated amid the rally.