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‘We’re trying to defend Bitcoin’: Why BIP-110 is losing community support

Blockstream CEO Adam Back argues that Bitcoin Improvement Proposal 110 (BIP-110), a contentious soft fork, is misguided. He contends discussions are fueled by misconceptions about Bitcoin's architecture, not malicious intent, and that the proposal's proponents are often well-intentioned newcomers. BIP-110, implemented in December 2025, aims to restrict arbitrary data like Ordinals inscriptions to prevent network spam and preserve Bitcoin's primary function as peer-to-peer cash. Back acknowledges spam is an issue but believes Bitcoin's existing market-driven mechanisms—transaction fees, miner incentives, and decentralized consensus—already address it. He argues BIP-110 clashes with Bitcoin's permissionless ethos and that a fork based on it would likely fail due to a lack of community support and because it contradicts Bitcoin's foundational principles. Market dynamics show limited support for the proposal, with only 10 out of 2,016 blocks backing a temporary upgrade on July 4th. Concurrently, Ordinals activity has dropped to all-time lows, with fewer than 10,000 inscriptions daily. Bitcoin's price has also fallen 45% over the past year. Michael Saylor echoes Back's critical stance on BIP-110.

ambcrypto07/12 13:02

‘We’re trying to defend Bitcoin’: Why BIP-110 is losing community support

ambcrypto07/12 13:02

Bitcoin Gets Rejected At This Level For The First Time In 5 Years, Here Are The Targets

Bitcoin has been rejected at a crucial long-term resistance level around $83,000, marking its first failure at this macro price point in five years. According to analyst Chiefy, this trendline has defined major cycle tops since 2021 and acted as a key support in early 2025. The recent rejection saw Bitcoin drop to $74,000 before a slight recovery to $76,580, aligning with a significant moving average historically linked to major market turns. If the current support around $74,000 breaks, the analyst projects three potential downside targets: $68,000, $61,000, and an extreme target near $48,000, which aligns with the weekly 350 MA. Market sentiment has shifted to fear, with the Crypto Fear & Greed Index at 39, indicating growing caution among investors.

bitcoinist05/27 02:32

Bitcoin Gets Rejected At This Level For The First Time In 5 Years, Here Are The Targets

bitcoinist05/27 02:32

Bitcoin Bull Market Confirmation Will Be Completed Once This Level Is Reclaimed, Analyst

Bitcoin is testing a key technical level that could signal the start of a new bull market, according to analyst Crypflow. The focus is on the "bull-bear ribbon," formed by the 21-week moving average (21 WMA) and the 21-week simple moving average (21 SMA) on a two-week chart. Historically, a crossover where the 21 WMA moves above the 21 SMA has confirmed bull markets, while the opposite crossover has confirmed bear markets. Bitcoin recently experienced a bear market confirmation in 2025 after its peak above $126,000. Currently, the price is attempting to push back into this critical ribbon but faces rejection at the 21 WMA, located around $81,974. Although BTC briefly touched $82,000 last week, it has since pulled back, trading near $76,914 at the time of writing and remaining below both moving averages. According to the analyst, a sustained reclaim of the 21 WMA is needed to begin the next bull market confirmation phase.

bitcoinist05/19 03:32

Bitcoin Bull Market Confirmation Will Be Completed Once This Level Is Reclaimed, Analyst

bitcoinist05/19 03:32

Bitcoin Created An Imperfection And The Price Will Crash Lower To Fill It

Bitcoin's recent rally to over $79,000 created a price imbalance, or "imperfection," that analysts argue is likely to be filled. According to crypto analyst Minga, a head-and-shoulders pattern is forming on the 4-hour chart, with a rejection zone between $76,800 and $77,400. If completed, this bearish pattern could lead to a breakdown, targeting support near $70,450. Key levels to watch are the monthly high of $76,053; a break below it would confirm the downtrend, while a push above $78,332 could invalidate the bearish outlook and target the fair value gap above $79,000. Bitcoin is currently trading near the upper rejection zone at around $77,640.

bitcoinist04/24 02:33

Bitcoin Created An Imperfection And The Price Will Crash Lower To Fill It

bitcoinist04/24 02:33

XRP Price Crash Far From Over And This Move Could Send It To $0.75

XRP's price is facing significant downward pressure after being rejected at the $1.60 level and falling below $1.40. A crypto analyst warns that this rejection signals continued bearish control, with the potential for a further drop to $0.75. The price is currently testing a critical support zone between $1.34 and $1.36. A break below this level could trigger a swift decline toward $1.20, and a subsequent breakdown might lead to an accelerated fall to $0.75. While a short-term bounce back to $1.50 is possible, the overall technical structure remains weak, with XRP having lost over 60% of its value since its peak in July 2025.

bitcoinist03/23 22:01

XRP Price Crash Far From Over And This Move Could Send It To $0.75

bitcoinist03/23 22:01

Ethena’s price slips 15% from its weekly high – Deeper losses ahead?

Ethena (ENA) experienced a brief rally, reaching a local high of $0.12 on March 4th, accompanied by increased open interest and trading volume. However, this bullish momentum was short-lived, and the price has since fallen 15% from that peak. The longer-term trend remains bearish, with prices declining since August and a significant 50% drop over the past five weeks after losing the $0.21 support level. Technical indicators, including the Directional Movement Index and MFI, confirm strong bearish control. A recent bounce to $0.12 was rejected, and the next likely target is a drop to the $0.085 support level. A further decline of 7%-15% is anticipated if the price falls below $0.1.

ambcrypto03/07 13:03

Ethena’s price slips 15% from its weekly high – Deeper losses ahead?

ambcrypto03/07 13:03

Vancouver Mayor’s Bitcoin Reserve Dream Hits Legal Wall

Vancouver city staff have recommended that Mayor Ken Sim's Bitcoin motion be dropped, citing that Bitcoin is not an allowable investment asset under the Vancouver Charter. The motion, passed in December 2024, aimed to explore accepting BTC payments and creating a Bitcoin reserve for city funds. However, provincial legislation does not recognize cryptocurrency as a valid payment method or permitted reserve asset. Staff have advised concluding the initiative to align with legal and financial priorities. The council will review the recommendation on March 10, forcing Mayor Sim to decide whether to defend or abandon his proposal.

bitcoinist03/06 19:02

Vancouver Mayor’s Bitcoin Reserve Dream Hits Legal Wall

bitcoinist03/06 19:02

Will MYX set new all-time lows after the $1.81 rejection? Data shows…

A recent analysis of MYX Finance (MYX) highlights a bearish outlook following a failed attempt to sustain momentum. After a brief rally to $1.81, the token experienced significant buyer exhaustion, closing the same session at just $1.02. This rejection has led to sellers taking control, with the loss of the $1 support level indicating potential further declines. Technical analysis suggests that, without nearby long-term support, MYX could potentially fall as low as $0.15. In the short term, any bounce to the $0.80-$0.85 range is viewed as a selling opportunity. Both long and short-term expectations remain bearish.

ambcrypto02/23 05:01

Will MYX set new all-time lows after the $1.81 rejection? Data shows…

ambcrypto02/23 05:01

OBV rises, price falls: Why TRUMP’s ‘buy’ signals may be misleading

Trump's TRUMP memecoin, down 95.4% from its all-time high, recently bounced to $3.64 but has since declined 7.14% to $3.38. Despite a rising On-Balance Volume (OBV) on the hourly chart, the overall trend remains bearish. The token faced rejection at the $3.57–$4.09 supply zone, with further downside expected toward $3.07. Additional selling pressure may come from a 6.33 token unlock and negative news surrounding Trump-backed World Liberty Financial. The RSI dropping below 50 confirms weakening momentum. Traders are advised to ignore short-term OBV strength and expect continued declines.

ambcrypto02/18 01:01

OBV rises, price falls: Why TRUMP’s ‘buy’ signals may be misleading

ambcrypto02/18 01:01

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