Bitcoin Knots: BIP-110 Freezes User Funds

Bitcoin Knots generates Taproot addresses via descriptors that disable key paths and rely solely on OP_NOTIF Tapscript spends, yet BIP-110 now bans those exact transactions and locks user funds inside the wallet itself.

BTC sits at $58616.97 beneath the EMA50 at $60662.83 while the MACD death cross at -506.79 keeps downside pressure intact; price remains trapped inside the Bollinger band with upper resistance at $60914.36 and lower support at $58552.18, so any bounce attempt will likely stall at the 50-EMA before the next leg lower.