The good news is that Bitcoin's mempool finally works again after eighteen dysfunctional months. At its worst, 5-6% of Bitcoin's daily transactions were expiring incomplete. Now the mempool queue is almost empty like it usually was.

The perhaps bad news is that daily transactions have fallen for five months, now low enough that the mempool caught up on old submissions.

In stocks, rising price plus falling volume usually indicates an impending decline. But in this case, it could be unwilling sellers anticipating an even higher rise due to politics.

Or could it be a conspiracy to make Bitcoin look healthy again? You'd think that transaction volume would increase with all the Trump hype and I'm a bit suspicious that two of the largest bitcoin miners are "repurposing" resources into AI. Collectively, the miners have lost money for almost a year now.

Why shift to AI on the eve of the "Strategic Bitcoin Reserve"?

Will Cryptomining Facilities Change Into AI Data Centers? - Slashdot
To capitalize on the AI boom, many crypto miners “have begun to repurpose parts of their operations into data centers,” reports Reuters, “given they already have most of the infrastructure” (including landing and “significant” power resources...) Toronto-based bitcoin miner Bitfarms has enlisted t…
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