Bitcoin Mempool is almost empty again – what happens? star-news.press/wp

Bitcoin price has seen another week of non -decisive actions, flowing between the scope of unification of $ 105,000 and $ 110,000. The first cryptocurrency collapsed for a short period of $ 110,000 on Thursday, July 3, but it failed to stick to the psychological relevant threshold per day.

Despite the flexibility of Bitcoin, the market is not activity for a certain group of investors known as retail investors has continued over the past few weeks. According to the latest data on the series, the lack of this investor group leads to a rare phenomenon on Bitcoin.

What does the empty empty Mimpol mean?

On July 4 on the X platform, the CEO of Alphractor and the founder Joao Wedson open Bitcoin is currently witnessing a period of low activity. This trend for Blockchain activity has led to an unfamiliar phenomenon as Mimol is almost empty.

For context, MEMPOOL refers to a temporary storage area where it awaits suspended BTC transactions. Mempool is usually crowded during high demand periods on the chain and network activity, as many processed transactions are awaiting.

Source: @joao_wedson on X

However, the modern data on the alphraclatal chain shows that most of the transactions have been confirmed, leaving the Mempool almost empty. The relevant scale on the series here is Bitco Mempool, which looks at the number of BTC transactions in MEMPOOL at a certain time.

According to Joao Wedson, this occurrence is a clear sign that retail investors have been outside the market during the past few months – as almost unprecedented accumulation reflects the low demand for Bitcoin. Thus, the future increase in Mempool transactions may mean the return of the demand for retail to the market.

Impact on bitcoin price

Low transactions and empty Mempool are usually a good sign of BTC price, as low demand reflects retailers. However, there is no denial of the transformation in the market since the launch of the traded boxes on the Stock Exchange (ETF)

As Bitcoinist said earlier, the Bitcoin price was able to stay steadily despite the low demand for retail, thanks to the institutional players and ETF investors. For example, the BTC boxes on the fourth week of positive capital flows look like.

As of this writing, the BTC price is about $ 107,700, which reflects a decrease of approximately 2 % over the past 24 hours. According to data from Coingecko, the leading cryptocurrency has increased by approximately 5 % in the past two weeks.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Distinctive image from Istock, tradingvief chart

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