According to @BitMEXResearch, Bitcoin has repeatedly faced spam-like transaction waves across its history, including Single Satoshi Spam (2011, 2014), Satoshi Dice (2012), an 85-output attack (Apr 2013), Sochi spam (2014), Coinwallet.EU waves (2015), Giv3r (Aug 2015), Omni/Tether and Counterparty high-volume eras, a 2016 busy week, 51-output wallet spam (Mar 2017), Bestmixer (Oct 2018), Veriblock (2019), momo (2020), and 2023 Ordinals and BRC-20 plus Babylon Labs Taproot spam, with 2025 Runes, Stamps, BRC2.0 and 2026 RGB also noted. Source: @BitMEXResearch, Twitter, Oct 8, 2025. For traders, the post’s repeated references to huge volume and spam signal ongoing fee market and mempool congestion risk during such surges, warranting proactive timing of BTC deposits, withdrawals, and on-chain arbitrage around potential fee spikes and confirmation delays. Source: @BitMEXResearch, Twitter, Oct 8, 2025.

According to @TO, Bitcoin market participants should stop focusing on Luke Dash Jr and Ocean Mining because they cannot stop Ordinals, and instead prioritize OP_CTV, OP_CAT, BitVM, self-custody tools, Layer 2s, and gaming/IP that move the needle. Source: https://twitter.com/TO/status/1971623491385307242. The post explicitly lists these areas as the real work for Bitcoin and suggests attention should shift to them now. Source: https://twitter.com/TO/status/1971623491385307242.

According to @ItsDave_ADA, Input Output completed an Ordinals-based example on the Bitcoin–Cardano path that demonstrated the feasibility of trustless cross-chain asset transfer and programmability, positioning BTC for DeFi access via Cardano’s stack, source: @ItsDave_ADA on X. According to @ItsDave_ADA, the Cardinal specification released in June 2025 defines a secure, trustless mechanism for Bitcoin holders to access DeFi by wrapping UTXOs for use cases such as staking, lending, and borrowing, source: Input Output GitHub cardinal-spec and @ItsDave_ADA on X. According to @ItsDave_ADA, Cardinal leverages Cardano’s extended UTXO model and smart contracts with BitVMX to extend Bitcoin programmability, source: Input Output GitHub cardinal-spec and @ItsDave_ADA on X. According to @ItsDave_ADA, this pathway targets tapping into what he describes as $2.2 trillion of Bitcoin liquidity as a programmable layer, source: @ItsDave_ADA on X. Traders should watch for two concrete catalysts flagged in the post: a Cardinal proof-of-concept following the Ordinals PoC and a demo of conditional BTC transfers such as release-on-delivery or market-triggered settlement, source: @ItsDave_ADA on X.

According to BitMEX Research, claims that Bitcoin saw zero spam attacks after filtering arbitrage data above 80B are incorrect, with the team cataloging repeated spam-like waves spanning 2011 to 2023 (source: BitMEX Research on X, Sep 9, 2025). Examples cited include the 2011 Single Satoshi Spam, Satoshi Dice in 2012, April 2013 85-output transactions, 2014 Sochi spam, multiple Coinwallet.eu waves and the Aug 2015 Giv3r spam, sustained high-volume usage from Omni/Tether and Counterparty, the 2016 "busy week" spam, March 2017 51-output wallet spam, Oct 2018 Bestmixer, 2019 Veriblock, 2020 momo, and 2023 Ordinals/BRC-20 and Babylon Labs Taproot-related activity (source: BitMEX Research on X, Sep 9, 2025; source: BitMEX Research blog on the 2015 spam attacks). BitMEX Research adds that outcomes are path dependent and identifies increased mining centralisation pressure and a lack of mining incentives as the largest risks to Bitcoin's network (source: BitMEX Research on X, Sep 9, 2025). For traders, BitMEX Research’s chronology highlights Ordinals/BRC-20 activity and miner incentive sufficiency as key variables when assessing BTC network risk and blockspace usage patterns (source: BitMEX Research on X, Sep 9, 2025).

According to @BitMEXResearch, the Bitcoin UTXO set expanded from 84 million to 169 million between December 2022 and September 2025 during the Ordinals period, an increase of roughly 85 million outputs, highlighting significant on-chain growth (source: @BitMEXResearch, Sep 8, 2025). According to @BitMEXResearch, BRC-20 tokens are identified as the key scaling problem driving this UTXO expansion in the Ordinals era (source: @BitMEXResearch, Sep 8, 2025). A larger UTXO set raises memory and storage requirements for full nodes, indicating increased resource load at the protocol level that traders should monitor for operational costs and throughput constraints (source: Bitcoin Developer Reference, UTXO set). Historically, surges in Ordinals and BRC-20 activity have coincided with higher BTC transaction fees and slower confirmations, which can affect exchange deposit and withdrawal timing and miner fee revenue sensitivity (source: mempool.space historical fee charts, May 2023).

According to Adam Back, pools using sv2/datum run a trust-the-pool model. Source: Adam Back, X, Sep 5, 2025. He adds that a pool could reject pool shares with JPEGs or any other content it chooses to block, meaning attempts to bypass pool preferences cut both ways. Source: Adam Back, X, Sep 5, 2025. For traders, pool-level filtering in Stratum V2 can influence which transactions are ultimately included in blocks and the resulting Bitcoin fee mix during content-heavy periods. Source: Stratum V2 Project documentation; Glassnode Analytics.

According to Adam Back, Bitcoin’s censorship resistance prevents censoring, seizure, or freezing of transactions and also means the network cannot block non-financial data such as JPEG inscriptions from consuming block space. Source: Adam Back on X, Sep 2, 2025. He states that Bitcoin’s fixed block size and a dynamic fee market act as a sanity limit to preserve decentralization, keeping BTC unseizable and unfreezable. Source: Adam Back on X, Sep 2, 2025. For traders, this design implies that when inscription activity rises, fee rates adjust upward through the fee market and confirmations can lengthen, raising on-chain transfer costs and timing risk for moving BTC collateral. Source: Adam Back on X, Sep 2, 2025.

According to @TO, the first fully on-chain immortal game on Bitcoin has been declared as a unique one-off on BTC, source: @TO on X, Aug 15, 2025. The announcement contains no project name, token ticker, contract address, mint details, or launch timeline, restricting immediate trading decisions, source: @TO on X, Aug 15, 2025. With no verifiable on-chain identifiers or market instruments disclosed, there is no actionable liquidity or price data to analyze yet, source: @TO on X, Aug 15, 2025.

According to @KookCapitalLLC, Based Angels has emerged as the highest gainer among NFTs in daily trading volume, signaling a potential resurgence in Ordinals-related assets. The renewed interest in Ordinals could impact Bitcoin (BTC) network activity and drive speculative trading in related NFT collections. Traders should monitor NFT collections tied to Ordinals for volatility and trading opportunities as momentum builds. Source: @KookCapitalLLC.

According to trevor.btc (@TO), Pizza Ninjas now holds the record for the most 4-meggers in any NFT collection, past or present. This significant achievement could impact trading strategies within the Ordinals and Bitcoin (BTC) ecosystem by increasing attention to large-sized, high-value NFT assets. Traders may anticipate heightened liquidity and trading volume for Pizza Ninjas, potentially influencing BTC transaction fees and attracting collectors seeking premium digital artifacts. Market participants should monitor further developments as this milestone may drive new trends in NFT rarity and value (source: trevor.btc via Twitter, June 12, 2025).

According to trevor.btc, the Pizza Ninjas Custom Pre-Sale is now live, offering traders early access to exclusive NFT assets via the official sales portal (source: trevor.btc on Twitter, June 11, 2025). This pre-sale event could drive increased transaction volume on associated NFT marketplaces and impact key cryptocurrency assets, especially those on the Bitcoin (BTC) and Ordinals protocols, as heightened interest in new NFT launches often correlates with price action and liquidity shifts in the broader crypto market.

According to trevor.btc on Twitter, recent negative sentiment ('FUD') targeting Ordinals and Runes is primarily driven by the desire for engagement due to the presence of a strong and active community (source: trevor.btc via Twitter, June 9, 2025). For traders, this highlights that despite ongoing criticism, the resilience and high activity within the Ordinals and Runes communities suggest sustained interest and potential trading opportunities in these Bitcoin-based assets. Monitoring community dynamics and market reactions to FUD can offer timely entry or exit signals for active traders.

According to @KookCapitalLLC, there is increasing conviction that Bitcoin-based alternative assets (Bitcoin alts) such as Ordinals and Runes could become major segments within the crypto market, especially if prominent figures like Michael Saylor—who recently compared Bitcoin to the new internet—eventually endorse specific Bitcoin alt infrastructures (source: @KookCapitalLLC, June 8, 2025). For traders, the speculation centers on whether developments or endorsements will drive significant price action for Ordinals and related protocols, making these assets critical to monitor for potential breakout momentum and mainstream adoption.

According to trevor.btc, despite market skepticism, the Ordinals and Runes protocols on Bitcoin continue to offer significant trading opportunities and development potential (source: @TO, June 6, 2025). Traders should note that ongoing innovation in Bitcoin-based NFTs may drive liquidity and price action, especially as the ecosystem expands. Monitoring transaction volumes and new project launches on Ordinals and Runes platforms is recommended for identifying emerging trends and volatility in related tokens.

According to trevor.btc, the leading Rune token currently holds a market capitalization over eleven times greater than the top Ordinals token, highlighting strong investor demand and significant trading volumes in the Runes ecosystem (source: twitter.com/TO/status/1929452627563098623). This performance underscores the growing dominance of Runes over Ordinals in the Bitcoin NFT sector, making Runes a critical focus for traders seeking high-liquidity opportunities and exposure to trending Bitcoin-native assets.

According to trevor.btc on Twitter, artists seeking to secure the legacy of their digital art should consider building on the Bitcoin blockchain, which offers the highest guarantee of long-term preservation due to its proven network security and immutability (source: trevor.btc, Twitter, June 2, 2025). For traders, this trend highlights increasing interest in Bitcoin-based NFT and Ordinals markets, which could drive further adoption and trading volume in BTC-related digital assets.

According to Samson Mow (@Excellion), the Bitcoin blockchain should only store its native data format—Bitcoin transactions—and warns that modifying the core functionality to accommodate other data types could destabilize the entire system (source: Twitter, May 23, 2025). For traders, this statement reinforces Bitcoin’s primary use case as a financial settlement layer, signaling that upgrades or forks aiming to support non-transactional data could be met with resistance and potential volatility in BTC price. This stance is particularly relevant amid ongoing discussions around Ordinals and BRC-20 tokens, impacting market sentiment and future trading strategies.

According to @KookCapitalLLC, the introduction of liquid staking combined with a revenue sharing model directly on Bitcoin Layer 1 opens up significant trading opportunities, especially for those involved with Ordinals and Bitcoin altcoins. This innovation enables users to stake Bitcoin assets while maintaining liquidity, potentially increasing yield opportunities and driving new investment flows into Layer 1 projects. Traders should monitor emerging protocols leveraging this model, as it could impact both asset valuations and trading volumes within the Bitcoin ecosystem (Source: @KookCapitalLLC, May 13, 2025).

According to Kook Capital LLC, Bitcoin has maintained its strength, prompting expectations for a resurgence in the Bitcoin altcoin markets, specifically mentioning Ordinals and Runes. The analyst has been accumulating Bitcoin Puppets, Nodemonkes, Based Angels, and Liquidium Rune, expressing confidence in these assets. The commentary suggests a potential trading opportunity but emphasizes there's no rush to trade. Source: Kook Capital LLC.

According to Trevor.btc, the experience of holding Ethereum (ETH) is currently more challenging for traders than holding Ordinals. This claim is based on the recent market performance and volatility observed in the Ethereum market, which has seen a significant downturn. Traders and investors may consider this perspective when evaluating their portfolio strategies, especially in light of ETH's recent fluctuations and overall market sentiment. (Source: Trevor.btc)