Bitcoin's 'Mempool' Nearly Empty as Prices Trade Near Lifetime Highs
2025-07-06 14:30:32
Main Idea
Bitcoin's mempool is nearly empty despite trading near lifetime highs, leading to concerns about a major crisis as actual users may have left the network.
Key Points
1. Bitcoin's mempool had only around 5,000 transactions awaiting inclusion, indicating low network activity.
2. Joël Valenzuela described the situation as a 'major crisis,' noting that almost all of Bitcoin's actual users have gone away despite price highs.
3. The article highlights concerns about Bitcoin's utility and adoption when transaction activity is minimal even during price peaks.
Description
The Bitcoin blockchain lacks meaningful on-chain activity, even as its native token, bitcoin BTC, trades near a record per-unit price. That's according to mempool – a holding area for unconfirmed blockchain transactions waiting to be included in a block by miners. On Satuday, the mempool had just 5,000 odd transactions awaiting inclusion, with the tally rising to 15,000 at press time, still a far cry from 150,000 when BTC's price first rose above $100,000 in late 2024, according to data source B...
Latest News
- Bitcoin's 'Mempool' Nearly Empty as Prices Trade Near Lifetime Highs2025-07-06 14:30:32
- Chart of the Week: Wall Street Has Claimed Bitcoin—Now What?2025-07-06 13:24:09
- Ethereum Touted as ‘Foundational Layer for Global Finance’ by Firm With $500M ETH Bet2025-07-05 22:25:03
- U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets2025-07-05 18:18:30
- Bitcoin Cash Rally Accelerates on Whale Activity and Bullish Technical Signals2025-07-05 18:18:14