Bitcoin Mempool Is Almost Empty Again — What’s Happening?
2025-07-05 18:42:46
Main Idea
The Bitcoin mempool is nearly empty, indicating reduced retail demand, while the price fluctuates between $105,000 and $110,000 amid market indecision.
Key Points
1. Bitcoin's price has been fluctuating between $105,000 and $110,000, briefly surpassing $110,000 on July 3.
2. The Bitcoin mempool is almost empty, signaling reduced demand for the network.
3. Low mempool activity reflects diminished retail investor interest, though institutional demand via spot BTC ETFs remains a factor.
4. BTC's price is currently around $107,700, down 2% in 24 hours but up 5% over two weeks.
5. Market uncertainty persists due to macroeconomic factors like US job growth impacting Fed rate cut expectations.
Description
The Bitcoin price witnessed another week of indecisive action , bubbling between the consolidation range of $105,000 and $110,000. The premier cryptocurrency briefly broke above the $110,000 mark on Thursday, July 3, but failed to hold above the psychologically relevant threshold on the day. Despite the price resilience of Bitcoin, the market inactivity of a certain class of investors known as retail investors has persisted over the past few weeks. According to the latest on-chain data, the abse...
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