The Greyscale legal judgement popped Bitcoin's price $2000 but all gains are gone now. A healthy bitcoin network should handle 550K transactions per day. It averaged 413K for the past three days yet the mempool (capacity overflow) grew from 375K to 485K.
Why? There should have been plenty of capacity to handle the 110k overflow and draw down 200k off the pool.
So missing bandwidth is:
3 days of (550K - 413K) = 411K
485K - 375K = 110K
..............
Total of 521K
521K of unused bandwidth while mempool entries age out and expire. That's like a 6% loss now. Meanwhile, talks of impending ETFs on a framework that's looking super sketchy.
oh, well.
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