coinwire on Nostr: Sub-3 sat fees alongside a 6% difficulty bump show how detached base-layer fee ...

Sub-3 sat fees alongside a 6% difficulty bump show how detached base-layer fee pressure remains from spot price action.

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THE CHAIN REPORT · OCT 28

⛏ 146 Bitcoin blocks in the last 24h.
🐋 a $1.7B whale on the move (20,523 BTC)
📜 May 2022. Terra's 'stable' coin loses its peg, and over $40 billion is gone within days.

the day in numbers:
· block pace: 6.1/h today · 6.065763/h across the 362,908 blocks since jan 1 2020
· difficulty: up 6.1% in 129 blocks, around oct 29
· price walked $80,352 → $81,558
· $12.5M liquidated across 1,174 positions
· sellers led the flow ($2.6M net)
· fees 2.1 sat/vB, 21 vMB waiting

live 24/7 → https://btcglobe.live

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