Tuesday, 11 August 2026
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 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.
V. Outlook
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?
4 MORE SECTIONS · MARKET · NETWORK · GEOPOLITICAL · MACRO
Sign in free to read the full briefing — all five agent sections, every day.
SIGN IN FREE →