BIP-110 just hit mandatory signaling, yet miner support sits at a mere 2.53%—nowhere near the 55% needed for early activation.
Nodes enforcing BIP-110 are rejecting non-signaling blocks, creating a minority chain that's rapidly losing ground. Low miner support makes a sustained rival chain improbable.
Our take: This is a stress test for Bitcoin's consensus. Critics like Michael Saylor and Adam Back warn BIP-110 could fracture Bitcoin. With the Fear & Greed Index at 30 (Fear), the market won't tolerate a divided chain. If BIP-110 supporters force a hard fork, it risks further instability in an already cautious market.
Watch $BTC at 65,018, the EMA20. A sustained break below signals deeper market concern over these internal disputes. $BTC
Nodes enforcing BIP-110 are rejecting non-signaling blocks, creating a minority chain that's rapidly losing ground. Low miner support makes a sustained rival chain improbable.
Our take: This is a stress test for Bitcoin's consensus. Critics like Michael Saylor and Adam Back warn BIP-110 could fracture Bitcoin. With the Fear & Greed Index at 30 (Fear), the market won't tolerate a divided chain. If BIP-110 supporters force a hard fork, it risks further instability in an already cautious market.
Watch $BTC at 65,018, the EMA20. A sustained break below signals deeper market concern over these internal disputes. $BTC