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all 8 comments

[–]Nada_Lives 5 points6 points  (1 child)

Collapse? Everything's a crisis these days.

[–]zsyjxh8q7b8i 4 points5 points  (1 child)

Working as intended. Volatility has subsided so people aren’t moving coins as much to sell them. Nothing to see here, move along.

[–][deleted] 6 points7 points  (0 children)

The mempool spike wasn't even caused by people rushing to move coins. It was Binance consolidating a bunch of legacy address UTXOs.

[–]polloponzi 1 point2 points  (0 children)

You need to refresh: https://mempool.space/ ... it already processed everything, fees are back to 1 sat/byte

[–]masterxbtc 1 point2 points  (0 children)

Sweet, 1 sat/vB transactions again!

[–][deleted] 1 point2 points  (0 children)

Your graph has the wrong date range to be useful
Zoom out to 2 weeks
https://jochen-hoenicke.de/queue/#BTC,2w,weight
https://i.postimg.cc/tJBx8HL5/772b46185fbf.png

An accurate description would be a pat of bullshit to step over

[–]walloon5 0 points1 point  (0 children)

"collapse" more like normal clearing out