According to @BitMEXResearch, Bitcoin transaction fees function as the network’s spam filter and have worked effectively for almost 17 years, underscoring the fee market’s role in curbing low-value floods of transactions. Source: BitMEX Research on X, Sep 30, 2025. This statement aligns with Bitcoin’s design where miners prioritize higher-fee transactions, making spam economically costly and preserving block space for market-rate demand. Source: Satoshi Nakamoto, 2008, Bitcoin: A Peer-to-Peer Electronic Cash System; Bitcoin Core documentation on transaction selection and mempool policy. For traders moving BTC on-chain, timely settlement typically requires paying the prevailing sat/vB market rate, especially during mempool congestion windows when low-fee transactions face delays or eviction. Source: Bitcoin Core fee estimation and mempool policy documentation. Elevated on-chain fees directly increase miners’ fee revenue share per block, reinforcing prioritization by fee and shaping block space pricing dynamics that traders must account for when planning transfers or arbitrage flows. Source: Satoshi Nakamoto, 2008; Bitcoin Core mining and fee policy documentation.

According to @BitMEXResearch, large Ordinal-related image inscriptions are not a positive for Bitcoin and could have negative consequences by pricing out financial transactions, source: BitMEX Research on X, Sep 8, 2025. According to @BitMEXResearch, these large images may offer only a small side benefit for node runners, source: BitMEX Research on X, Sep 8, 2025. According to @BitMEXResearch, Ordinals-driven demand therefore poses a risk to financial transaction inclusion on Bitcoin, a factor relevant to on-chain trade execution and fee-sensitive strategies, source: BitMEX Research on X, Sep 8, 2025.

According to trevor.btc, Bitcoin Ordinals are experiencing notable attention as traders focus on high-value inscriptions and new use cases on the BTC blockchain. Recent data highlights a spike in Ordinals transaction volume, with collectors and traders seeking rare and premium inscriptions, driving up transaction fees and miner revenue (source: @trevor.btc, June 12, 2025). This trend is impacting BTC liquidity and may influence short-term volatility, with traders closely monitoring Ordinals-related activity for potential trading opportunities and price movements.

According to trevor.btc on Twitter, the Bitcoin Ordinals ecosystem is experiencing increased activity, with the Pizza Ninjas community playing a central role in driving NFT trading volumes on the Bitcoin network. This rising trend highlights growing user engagement with Ordinals-based digital assets, reflecting broader market momentum towards Bitcoin-native NFTs. Traders should monitor Bitcoin Ordinals collections like Pizza Ninjas for potential opportunities, as increased on-chain activity may impact BTC transaction fees and boost liquidity in related NFT projects (source: trevor.btc, Twitter, May 12, 2025).

According to @BitMEXResearch, data from bitcoin-data.github.io shows that between November 21, 2021, and April 15, 2024, there were 20,796 non-standard Bitcoin transactions, generating 11.63 BTC in total fees. For traders, this dataset highlights the ongoing relevance of non-standard transactions in network activity, which can impact transaction fee trends and mempool congestion. Understanding these historical fee metrics is essential for optimizing trading strategies and anticipating fee-related market movements. Source: @BitMEXResearch via bitcoin-data.github.io.