According to @Excellion, on Oct 16, 2025 he asked which single direction Bitcoin development should prioritize, highlighting an active roadmap question for the Bitcoin community and market participants (source: X post by Samson Mow @Excellion on Oct 16, 2025). For traders, historical upgrades have materially shifted on-chain dynamics: SegWit in 2017 increased effective block capacity and fixed malleability, and Taproot activated in Nov 2021 expanded script flexibility and privacy characteristics relevant to transaction construction (source: BIP141 SegWit; BIP341/342 Taproot; Bitcoin Core release notes documenting activation). Post-Taproot, Ordinals inscriptions drove bursts of on-chain activity and higher median fees in 2023–2024, directly affecting execution costs and mempool congestion that influence BTC trade timing and on-chain settlement (source: Ordinals documentation by Casey Rodarmor; mempool.space historical fee charts 2023–2024). Layer-2 adoption remains a key variable: public Lightning Network capacity is widely used as a proxy for off-chain payment scaling that can alleviate on-chain fee pressure and shape BTC liquidity for payments (source: Bitcoin Visuals Lightning Network total capacity dataset; The Lightning Network whitepaper).

According to @Excellion, the Bitcoin dust limit is just a relay filter and Bitcoin Core should remove it to reflect actual network usage, as stated in his post on X: https://twitter.com/Excellion/status/1978656208560226566. In Bitcoin Core policy, the dust limit marks very small outputs as non-standard for relay to mitigate spam, with typical thresholds (e.g., ~546 sats for P2PKH at a 1 sat/vB min relay fee) derived from policy rules and cost assumptions, affecting what transactions propagate across the network; source: https://en.bitcoin.it/wiki/Dust and https://github.com/bitcoin/bitcoin/blob/master/doc/policy/standard_transactions.md. Any change to remove or alter this filter would require a reviewed code change through the Bitcoin Core contribution and PR process, which governs how consensus and policy modifications are evaluated and merged; source: https://github.com/bitcoin/bitcoin/blob/master/CONTRIBUTING.md. For traders, relay policy directly influences which transactions reach miners and can impact fee pressure and confirmation times when blocks are full, affecting on-chain settlement costs and timing for BTC flows; source: https://developer.bitcoin.org/devguide/transactions.html and https://github.com/bitcoin/bitcoin/blob/master/doc/policy/standard_transactions.md.

According to @Excellion on X, Oct 11, 2025, the latest market purge exposed thin liquidity and absent buyers in inflated altcoins/memecoins, implying capital rotation back to Bitcoin (BTC) while firms promoting alts as base assets for ETFs and corporate treasuries struggle; he views this purge as a catalyst for the next BTC bull leg and advises traders to overweight BTC and de-risk alt exposure; source: x.com/Excellion/status/1977130632439369900

According to @Excellion on X on Oct 5, 2025, roughly $6 billion of Korean seohak gaemie retail capital is supporting Ethereum treasury companies and keeping ETH prices elevated (source: @Excellion on X). According to @Excellion, ETH influencers have been traveling to South Korea to market to retail, indicating concentrated demand from Korean investors (source: @Excellion on X). According to @Excellion, many of these buyers are not watching the ETHBTC chart, creating relative-performance risk versus BTC (source: @Excellion on X). The source warns this setup will not end well, flagging downside risk for ETH and the ETHBTC pair if the highlighted support dynamics change (source: @Excellion on X).

According to @Excellion on X on Oct 5, 2025, fighting mining centralization is structurally difficult due to energy centralization and economies of scale, but active efforts continue to counter it. According to @Excellion on X on Oct 5, 2025, current work includes open-source ASICs, enabling miners to create their own block templates via DATUM and Stratum v2, and protocol optimizations intended to level the playing field for smaller miners. According to @Excellion on X on Oct 5, 2025, spam cannot be eliminated 100% but can be mitigated, and mitigation steps are the practical objective.

According to @Excellion, there is still time to buy Bitcoin under $200,000, signaling a bullish stance and placing $200,000 as a key psychological level for BTC price action (source: @Excellion on X, Oct 5, 2025). Traders viewing this as a sentiment cue may treat sub-$200k as an accumulation zone and monitor momentum as price approaches that threshold (source: @Excellion on X, Oct 5, 2025).

According to @Excellion, OP_RETURN2 is a potential Bitcoin soft-fork concept proposing a cheaper, fully discardable OP_RETURN2 annex not included in transaction hashes, limiting OP_RETURN via consensus rules, and removing the SegWit discount. Source: https://x.com/Excellion/status/1974608749429137533 Removing the SegWit discount would increase the effective weight of witness data toward 4 weight units per byte (like base data) from the discounted 1 weight unit, directly raising fees for witness-heavy transactions per the BIP-141 weight formula. Source: https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki Ordinals inscriptions embed content in Taproot witness data, so higher witness costs would directly raise on-chain inscription costs and could reduce activity in inscription-heavy markets such as BRC-20. Source: https://docs.ordinals.com/inscriptions.html Soft-fork proposals are typically discussed on the bitcoin-dev mailing list and formalized as BIPs, creating public milestones traders can monitor for potential timing and market impact on BTC fees and throughput. Source: https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev

According to @Excellion, new FOMO investors should prioritize identifying potential high-risk bad actors similar to SBF, Do Kwon, and Faketoshi instead of relying on technical analysis, as a practical risk screen for crypto trading. Source: @Excellion on X on Oct 4, 2025 https://twitter.com/Excellion/status/1974280588183117980 He sets a two-week deadline for this assessment, after which the default action he recommends is to buy spot Bitcoin BTC, move it to cold storage, and disengage from online noise. Source: @Excellion on X on Oct 4, 2025 https://twitter.com/Excellion/status/1974280588183117980 Trading takeaway: when due diligence cannot be completed quickly with confidence, de-risk by defaulting to self-custodied spot Bitcoin BTC rather than pursuing speculative strategies. Source: @Excellion on X on Oct 4, 2025 https://twitter.com/Excellion/status/1974280588183117980

According to @Excellion, Apple is being more difficult in the UK and AQUA is currently off the UK App Store with a return unlikely, source: @Excellion on X (Sep 29, 2025) https://twitter.com/Excellion/status/1972469826301083700. He advises UK users to change to a different country store or use Android, implying near-term friction for UK iOS users of AQUA and a likely shift in usage patterns, source: @Excellion on X (Sep 29, 2025) https://twitter.com/Excellion/status/1972469826301083700. He also noted uncertainty about whether this is related to the UK's mandatory digital ID push, underscoring regulatory and platform risk monitoring for crypto app availability, source: @Excellion on X (Sep 29, 2025) https://twitter.com/Excellion/status/1972469826301083700.

According to @Excellion, proposing to introduce or reintroduce multiple Bitcoin OP codes is poorly timed while there is uproar over changes being pushed without general agreement. Source: https://twitter.com/Excellion/status/1972358648522584096 He references a post by Byron Hambly discussing OP code proposals, underscoring active debate around Bitcoin Script changes. Source: https://x.com/byronhambly/status/1971931352800154076 This highlights a governance dispute around the Bitcoin upgrade process, which is a key headline for traders tracking BTC sentiment. Source: https://twitter.com/Excellion/status/1972358648522584096

According to @Excellion, he advised against upgrading to Bitcoin Core v30 at this time, citing a $2 trillion incentive to avoid mistakes and emphasizing caution for operators and traders (source: X post by @Excellion on Sep 25, 2025: https://twitter.com/Excellion/status/1971310245407490144). He noted that releasing v30 is Core’s prerogative but provided no technical details in the post, underscoring uncertainty around the upgrade’s risk profile (source: X post by @Excellion on Sep 25, 2025: https://twitter.com/Excellion/status/1971310245407490144). The post also referenced a discussion by Adam Back, signaling an ongoing community-level review, which traders may treat as a cue to wait for clearer maintainer guidance before altering infrastructure or leverage exposure (source: linked reference in the same X post by @Excellion on Sep 25, 2025: https://x.com/adam3us/status/1971305626744582302).

According to @Excellion, Luke Dashjr was the only developer who publicly pushed to decrease Bitcoin’s block size during earlier debates, underscoring a minority position in core policy discussions (source: Samson Mow on X, Sep 25, 2025). A block size reduction would mechanically lower base-layer transaction capacity and tends to intensify fee competition when demand is steady, directly affecting BTC transaction fees and exchange withdrawal costs relevant to active traders (source: Bitcoin.org Developer Guide — Blocks and Transactions). Traders tracking BTC should monitor fee-rate bands, mempool backlog, and average confirmation times to optimize execution if block-size policy discussion elevates fee pressure and on-chain congestion (source: Bitcoin.org Developer Guide; Samson Mow on X).

According to @Excellion, Bitcoin Core is trying to prevent private mempools, has removed OP_RETURN limits, and this is driving thousands of users toward Bitcoin Knots while compact block relay breaks, accelerating a shift to private mempools, source: X/@Excellion on Sep 22, 2025. For traders, increased use of private mempools reduces mempool overlap and can impair BIP152 compact block efficiency, potentially increasing relay bandwidth needs and confirmation latency during volatility, source: BIP152 Compact Block Relay (Bitcoin Core specification). BTC traders should monitor on-chain feerate distributions, compact block reconstruction success on nodes, and client share between Bitcoin Core and Bitcoin Knots as early indicators of fee pressure and settlement delays, source: Bitcoin Core and Bitcoin Knots documentation and network policy references; X/@Excellion.

According to @Excellion, he stated "I will not be running Bitcoin Core v30" in an X post on September 21, 2025: https://twitter.com/Excellion/status/1969851648240759182. The post did not include reasons or technical details for the decision, and no additional context was provided in the message, per the same source: https://twitter.com/Excellion/status/1969851648240759182. The message was retweeted by @Andre_Dragosch, as shown in the same content thread: https://twitter.com/Excellion/status/1969851648240759182. For traders, this confirms that at least one industry participant publicly declines to run Bitcoin Core v30 at this time; the post itself does not confirm any direct network or BTC price impact, per the same source: https://twitter.com/Excellion/status/1969851648240759182.

According to @Excellion, the greatest danger can come from well-funded, well-intentioned developers optimizing Bitcoin Core validation, citing PR #9049 which aimed to speed initial pre-relay block validation by removing a duplicatable duplicate-input check that screens blocks before network relay; this highlights risk in code paths that touch consensus-critical verification. source: @Excellion PR #9049, titled "Remove duplicatable duplicate-input check from CheckTransaction," describes skipping a costly duplicate-input check during initial pre-relay processing to accelerate block validation, altering how nodes initially vet incoming blocks prior to relay. source: Bitcoin Core GitHub PR #9049 Security-critical validation changes have historically required urgent patches when flaws were found, such as the 2018 consensus vulnerability CVE-2018-17144 that led to immediate upgrades in Bitcoin Core 0.16.3, underscoring why market participants track such proposals as operational risk events for BTC exposure. source: Bitcoin Core 0.16.3 release notes; MITRE CVE-2018-17144

According to @Excellion, he appeared live on ABCTVpy to discuss nation-state Bitcoin adoption and argued that Paraguay should issue Bitcoin Bonds. Source: @Excellion on X, Sep 15, 2025. This on-air advocacy confirms Bitcoin-linked sovereign financing is being discussed in Paraguayan media, a development traders can track for potential policy signals that could influence BTC sentiment and liquidity. Source: @Excellion on X, Sep 15, 2025. The post provides no specific bill, term sheet, or timeline, so any trading impact depends on follow-up statements from Paraguayan authorities or ABCTVpy coverage. Source: @Excellion on X, Sep 15, 2025.

According to @Excellion, Vancouver Mayor Ken Sim has established a Bitcoin fund for Vancouver Firefighter Charities, highlighting municipal-level BTC adoption in the city (source: @Excellion on X, Sep 15, 2025). According to @Excellion, the post framed the initiative as cementing Bitcoin adoption in Vancouver, while not disclosing fund size, custody arrangements, or timelines that traders typically monitor (source: @Excellion on X, Sep 15, 2025).

According to @Excellion, AquaBitcoin supports only USDt as digital dollars and he called Tether the King of Stablecoins, referencing metrics shared by Paolo Ardoino on X on Sep 14, 2025 (source: @Excellion on X, Sep 14, 2025; source: @paoloardoino on X). According to @Excellion, this confirms USDT as the sole stablecoin rail within the AquaBitcoin ecosystem, shaping supported funding/withdrawal flows and trading pairs there for users who rely on USDT liquidity (source: @Excellion on X, Sep 14, 2025).

According to @Excellion, Bitcoin’s core design has been set in stone since version 0.1 and Core contributors should be viewed as node software developers rather than protocol designers, citing Satoshi Nakamoto’s statement to that effect (source: @Excellion on X, Sep 12, 2025; source: Satoshi Nakamoto on Bitcointalk, 2010). For traders, this points to a low probability of base-layer rule changes affecting issuance or consensus, with Bitcoin’s fixed supply and halving schedule documented in developer materials (source: Bitcoin.org Developer Guide; source: Bitcoin Core documentation). Recent upgrades such as Taproot were activated via backward-compatible soft forks, underscoring a conservative L1 change process that limits protocol governance risk (source: BIP341 and BIP342; source: Bitcoin Core release notes).

According to @Excellion, about 2.6 million ETH worth roughly $11.3 billion are queued to exit staking and cannot be sold for 54 days, defining the earliest sell window after that period; source: @Excellion on X, Sep 10, 2025. For trading, the author characterizes these coins as heading for the exit, highlighting a time-bound supply overhang that begins once the 54-day wait ends; source: @Excellion on X, Sep 10, 2025.