According to @BitMEXResearch, the authors of node software implementations decide the default policy, and a small minority of node operators can loosen the effective relay policy on the network, shaping how transactions propagate across the network (Source: @BitMEXResearch on X, Oct 20, 2025). According to @BitMEXResearch, this underscores the operational influence of node runners over effective network policy enforcement and transaction relay behavior (Source: @BitMEXResearch on X, Oct 20, 2025).

According to @Andre_Dragosch, market participants are questioning the need to upgrade to Bitcoin Core v30 or Bitcoin Knots, citing concerns about both spamming and censorship on the BTC network. Source: @Andre_Dragosch on X, Oct 5, 2025. This highlights an active debate over node policy and relay rules in different Bitcoin implementations, which define which transactions are relayed or accepted into mempools and thereby shape fee formation and confirmation latency. Source: Bitcoin Core documentation on mempool policy and transaction relay rules. For trading, divergences or shifts in these policies can change network congestion and fee volatility, influencing on-chain liquidity, exchange deposit and withdrawal costs, and the BTC spot-futures basis. Source: Bitcoin Core fee estimation documentation and Bitcoin on-chain data. Actionable focus: monitor mempool size, effective feerates, and confirmation times via Bitcoin Core RPC (getmempoolinfo, estimatesmartfee), and track miner fee share of block rewards to assess potential tailwinds or headwinds for BTC transaction costs. Source: Bitcoin Core documentation and Bitcoin blockchain data.

According to @BitMEXResearch, the latest review of the OP_RETURN policy limit highlights tension because filter proponents are asking other node runners to degrade their own node performance at their expense to benefit the wider ecosystem, source: @BitMEXResearch, Sep 30, 2025. According to @BitMEXResearch, this frames a concrete trade-off between individual node efficiency and network-level filtering goals that directly affects how data-carrying transactions are relayed, source: @BitMEXResearch, Sep 30, 2025. According to @BitMEXResearch, traders should monitor any relay policy shifts around OP_RETURN filters as signals for potential changes in transaction propagation dynamics that can impact BTC execution timing and liquidity conditions, source: @BitMEXResearch, Sep 30, 2025.

According to BitMEX Research, Binance is choosing Knots and needs to relay the spam since their own wallets generate the spam (source: BitMEX Research on X, Sep 26, 2025). BitMEX Research characterizes the transactions as spam and links Binance’s relay behavior to its node software choice described as Knots (source: BitMEX Research on X, Sep 26, 2025). The post provides no details on fee impact, timing, or operational changes, leaving any market impact unspecified (source: BitMEX Research on X, Sep 26, 2025).