A Bitcoin wallet dormant since Jan. 31, 2014 moved its full 26.96 BTC balance in block 961845 at 07:03 UTC on Aug. 10, 2026, sweeping the coins from a legacy address to a fresh nested SegWit wallet after roughly 12.5 years of inactivity. Galaxy Research said the position carried a potential gain of about $1.73 million, or 7,975%, based on an average cost near $803 per coin, though the transfer itself does not show the BTC was sold. The move followed an Aug. 6 transfer of 49.97 BTC from a 2011 wallet and adds to a broader pattern of long-dormant Bitcoin supply reactivating over the past two years, including a $2 billion cluster of 2013-era wallets that moved in one January 2024 session and another 3,000 BTC shift after a decade of silence. At the same time, South Korea's market has shown unusually weak local demand, with CryptoQuant data indicating Bitcoin traded at an average 0.48% discount to overseas markets through Aug. 9 and posted a reverse kimchi premium on 123 of the year's 221 trading days so far, the first such annual dominance since the data series began in July 2020. CoinGecko data showed second-quarter trading volume across South Korea's five major exchanges fell 49.5% year over year to $146.43 billion, while a 24-hour short squeeze across crypto derivatives led to $50.4 million in liquidations, 74.11% of them short positions, as Bitcoin, Ethereum and Solana rebounded.