Bitcoin may be trading near its historical highs, but activity on the blockchain shows very different things. Despite BTC hovering around $109,000, the network's mempool, the queue of unconfirmed transactions waiting to be included in a block, is almost empty. As of Saturday, fewer than 5,000 transactions were waiting in line. This is dramatically lower than the 150,000+ observed during the last major Bitcoin surge in late 2024.
The article Bitcoin: A network deserted by its users? first appeared on Cointribune.
