Almost experiencing the most dangerous 30 days since 2017, BIP-110 hard fork countdown, 944000 BTC hot wallet transfers

The BIP-110 hard fork proposal led by Bitcoin core developer Luke Dashjr is tearing apart the entire BTC ecosystem. We plan to change the POW algorithm for a hard fork in September, and the chain has already undergone substantial splitting - the main chain leads the forked chain by 18 blocks, and the BIP-110 chain has been stalled for 37 hours, setting a historical record. What is BIP-110? 】 BIP-110 is a Bitcoin improvement proposal pushed forward by Bitcoin core developers Luke Dashjr and others. Its core demand is to completely change Bitcoin's Proof of Work (POW) algorithm through a hard fork. Currently, Bitcoin uses the SHA-256 algorithm, and BIP-110 advocates replacing it with other ASIC resistant algorithms, citing that the current algorithm leads to miner centralization and energy consumption issues. If the fork is activated, all nodes running BIP-110 rules will be incompatible with the original chain, forming two independent Bitcoin blockchains. The data is shocking The support rate of miners is only 0.3% -2.45%, and there are only about 28 days left before the activation window; BTC hot supply surged by 98% weekly, with nearly 890000 BTC migrating on a large scale; Coldcard's explosive 114 million funds are at risk of replay attacks. Any hard fork failure could lead to a catastrophic situation for the position. Market shock BTC plummeted from a high of 65391 to 63983, a drop of nearly 2%, dragging ETH below 1900 and SOL down 76. The community is almost overwhelmingly opposed, with the Bitcoin Core core team and mainstream mining pools collectively rejecting BIP-110. [Current Status of Proposals] After forcibly disconnecting from the main network at block height 961632, the BIP-110 forked chain encountered a devastating lack of computing power. Due to the vast majority of miners and mining pools choosing to stick to the Bitcoin mainnet, forked chains only receive sporadic computing power support of less than 2.5% of the entire network. After barely digging out two blocks, the entire forked chain was completely shut down due to the extremely high mining difficulty left by the main network, essentially becoming a "dead chain" that could not be interacted with or confirmed. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.