{"id":35404,"date":"2025-07-06T14:47:01","date_gmt":"2025-07-06T14:47:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35404"},"modified":"2025-07-06T14:47:01","modified_gmt":"2025-07-06T14:47:01","slug":"bitcoins-mempool-nearly-empty-as-prices-trade-near-lifetime-highs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35404","title":{"rendered":"Bitcoin’s ‘Mempool’ Nearly Empty as Prices Trade Near Lifetime Highs"},"content":{"rendered":"
\n

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 \u2013 a holding area for unconfirmed blockchain transactions waiting to be included in a block by miners.<\/p>\n

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 Blockchain.com<\/a>.<\/p>\n

Since March this year, the tally has oscillated between $3,000 and $30,000, indicating anaemic demand for the network despite BTC establishing a foothold above $100,000.<\/p>\n

“Bitcoin’s mempool (queue of transactions waiting to be processed) is almost completely empty. The percentage of miner revenue coming from fees (instead of inflation) is down to a fraction of a percent,” Jo\u00ebl Valenzuela, director of marketing and business development, said on X<\/a>.<\/p>\n

“Simply put, almost all of Bitcoin’s actual users have gone away. At all-time price highs, too!” Valenzuela added, calling the situation a major crisis where the network goes bankrupt or becomes “completely custodial asset run by governments and institutions.”<\/p>\n

\"BTC's<\/p>\n

According to Joao Wedson, CEO and founder of crypto data analysis platform Alphractal, the idle mempool is a sign of missing retail participation in the market.<\/p>\n

“When Mempool transactions begin to rise again, it’s a clear sign that retail is back \u2014 because the growing backlog reflects increased demand for using the network,” Wedson said<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 \u2013 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35404","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35404"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35404\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}