Bitcoin’s Network Under Pressure As Onchain Activity Drops

Behind Bitcoin's apparent stability, an imbalance threatens the network's sustainability. Since April, transaction fees have dropped by more than 80%, shaking the remuneration model of mining companies. Amid the rise of ETFs and after a demanding halving, it is Bitcoin's internal economy that is faltering. Lower fees, fewer incentives, more risks to protocol security, the crisis is here, structural, and raises a question the ecosystem can no longer ignore.

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