Bitcoin’s ‘Mempool’ is almost empty as trading prices near high lives. What’s next?
The Bitcoin Blockchain has no significant on-chain activity, even its native token, Bitcoin
Trades near a record per-unit price. That is according to Mempool – a holder area for unconfirmed blockchain transactions waiting to be included in a block of miners.
In Satuday, Mempool has only 5,000 strange transactions awaiting integration, including tally rising to 15,000 at the time of press, still a shout out of 150,000 when the BTC prices first increased above $ 100,000 in late 2024, according to the data source resource Blockchain.com.
Since March this year, the tally has been oscillated between $ 3,000 and $ 30,000, which indicates anemic demand for the network despite the BTC’s establishment of a foothold of over $ 100,000.
“Mempool of Bitcoin (queue of transactions waiting to be processed) is almost completely empty. The percentage of the miner’s income that comes from fees (instead of inflation) is in a portion of a percentage, “Joël Valenzuela, director of marketing and business development, said X..
“Simply put, almost all actual bitcoin users are gone. At all times high prices, too!” Valenzuela added that calling the situation of a major crisis in which the network is bankrupt or becomes a “fully custodial asset run by governments and institutions.”
According to Joao Wedson, CEO and founder of the alphractal crypto data review platform, idle mempool is a sign of missing retail participation in the market.
“When mempool transactions start to rise again, this is a clear sign that the retail is back – because the growing backlog reflects the increase in demand for network use,” Wedson Says.
