Bitcoin’s BIP-110 minority chain trails 300 blocks with negligible hashpower.

Lead story · bitcoin — Bitcoin’s BIP-110 fork is 300 blocks behind BTC and six years from fixing itself (CoinDesk)

The Lead

Bitcoin's price holds near 64,000 dollars on thin trading while net exchange inflows of several thousand coins keep adding sell-side supply. Hashrate has contracted sharply below 800 EH/s, pointing to miner exits rather than any broad recovery in conviction.^[1] The stalled BIP-110 minority chain sits hundreds of blocks behind the main chain with negligible hashpower, yet the episode exposes how little miner consensus exists for even modest rule changes. Macro conditions absorb oil shocks from the Hormuz impasse without forcing dollar stress or immediate policy shifts. How long can distribution pressure and falling security metrics coexist before holders demand clearer answers on who actually controls the network's direction?

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How this call played outPARTIAL

The past outlook flagged persistent sell-side supply and falling hashrate as risks to price, yet the realized move was only a modest 0.3% decline, confirming the directional caution while showing no sharp break. Fear & Greed slipped from 29 to 27, aligning with the described erosion of conviction. The narrative of macro absorption and lack of miner consensus for rule changes remained unchanged, but the absence of an immediate capitulation matched the measured outcome.

Lesson: Monitor whether distribution metrics and security indicators are accompanied by volume spikes; without them, price can drift slowly rather than collapse.

The Wire

BITCOIN
Luke Dashjr removed as Bitcoin Improvement Proposal editor — Cointelegraph

BITCOIN
XRP, ether lead crypto losses as traders eye $70,000 bitcoin next — CoinDesk

CONFLICT
Stock futures climb as investors weigh Iran, Hormuz deal prospects: Live updates — CNBC

CONFLICT
Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade — CNBC

POLITICAL
Bitcoin ATMs Pulled in Australia as Regulators Signal Wider Crackdown — Decrypt

ECONOMY
CNBC Daily Open: Markets caught between oil jitters and AI optimism — CNBC

Sources (18)

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