Bitcoin hits block 961,632 as the controversial BIP-110 soft fork attempt begins
Bitcoin reached block 961,632, starting the mandatory signaling period for BIP-110, a proposed soft fork to curb embedding non-financial data. Signaling began about 19:35 UTC Saturday, with miner support reportedly under 2.5% versus a 55% threshold. Supporters frame it as a user-activated soft fork relying on node operators until block 965,664.
How this was made
The 30-second read
Why it matters
The article frames a potential two-chain scenario: a dominant mainnet backed by most hash power versus a minority chain enforced by BIP-110 rejecting nodes, with the signaling window ending at block 965,664.
Market read
Traders get a concrete governance timeline and a quantified miner signaling backdrop, which can drive BTC derivatives volatility and positioning over the next month.
What to watch
Actual outcomes depend on how many node operators adopt the UASF behavior and whether exchanges, custodians, and wallets treat the minority chain as tradable or not.
Background
BIP-110 is described as a controversial user-activated soft fork intended to temporarily curb non-financial data embedded on the Bitcoin network.
Ticker impact
Bitcoin reached block 961,632, starting the mandatory signaling window for BIP-110, with miner support far below the 55% threshold.
Volatility risk increases over the next several weeks as the network approaches the end of the signaling window (block 965,664).
The article provides concrete protocol timing (start at ~19:35 UTC, end at block 965,664) and describes low miner signaling (seldom above 2.5%), which increases uncertainty about whether a UASF-enforced minority chain forms.
Market effects
Could spill into broader crypto risk sentiment via perceived governance and network-consensus risk, affecting majors and derivatives liquidity.
Primarily global crypto markets; any impact would be through cross-venue risk appetite rather than regional fundamentals.
Network governance uncertainty can affect global BTC derivatives pricing and hedging demand.
Counterpoint
Low miner signaling may simply mean BIP-110 will not activate, limiting real split risk if node operators do not coordinate meaningfully.
Key entities
- protocol_changeBIP-110
A proposed user-activated soft fork to temporarily curb non-financial data embedded on Bitcoin.
- crypto_assetBitcoin
The network reaching block 961,632, triggering the mandatory signaling period for BIP-110.
