BIP-110 angers the community, Saylor publishes an approximately 3,700-word long post against it—“More dangerous than the problem itself”

The Bitcoin community is going through a new governance controversy. The BIP-110 proposal aims to use a temporary soft fork to restrict the on-chain writing of non-payment data such as Ordinals inscriptions, to reduce the burden on nodes and bring Bitcoin back to its original goal of “peer-to-peer electronic cash.” The proposal plans to lower the activation threshold to 55% (whereas previous soft forks typically required over 90%) and to set a mandatory timetable.

Opposition surges; miners’ support rate is under 1%

Since the proposal was launched in December 2025, miners’ support has remained consistently between 0.3% and 0.4%, never exceeding 0.79%. At present, only the Ocean mining pool has declared support; F2Pool has publicly opposed it, and large mining pools such as Foundry USA and AntPool have not followed suit.

The anti-proposal camp includes several major figures in the industry. Blockstream CEO Adam Back believes it would weaken the PoW principle; Casa Chief Security Officer Jameson Lopp said the proposal would undermine Bitcoin’s predictability and resistance to censorship; and a consensus vulnerability found by developer Dathon Pwn has raised additional security concerns.

Michael Saylor published an approximately 3,700-word article last Sunday, listing 110 reasons to oppose BIP-110. He said he understands supporters’ desire to protect Bitcoin, but believes the proposal is “more dangerous than the problem itself.” He is concerned that it would threaten Bitcoin’s neutrality, that lowering the miner approval threshold could trigger a network split, and that it would suppress innovation. He believes market-based fee rates and relay policies are better solutions, and that we should not invalidate transactions that have already paid fees by changing consensus rules.

BIP-110 is expected to enter the mandatory signaling phase in early August, with execution potentially starting in September. But currently, miners’ support of under 1% and the wide gap versus the 55% threshold leave almost no chance of it being initiated. Node adoption is also at a single-digit level, with nearly all activity concentrated among Bitcoin Knots users rather than the widely used Bitcoin Core client.

BTC at the 65,000 level: bulls and bears in a standoff

On the price front, BTC rebounded this week from $61,824 to around $65,000, but the 65,000–65,500 area remains a key resistance zone. The market is currently consolidating in the 64,500–65,000 range, with bulls and bears locked in a stalemate.

Funding rates are mild (about 0.003%–0.004%), and leverage pressure has clearly cooled. Exchange Bitcoin supply has fallen to 13.7%, the lowest in seven years. As for ETF flows, over the past two weeks Bitcoin ETFs combined recorded about $264.4 million in net inflows, ending the prior two-month streak of outflows.

Around $65,000 has become the most intense battleground between bulls and bears. After a successful effective breakout, upside targets would be 66,400 and 68,000; if multiple attempts fail, traders should watch for a pullback to 63,500–64,000.

The governance controversy over BIP-110 is yet another stress test in Bitcoin’s long-term evolution. Saylor’s opposition and the near-zero miners’ support rate indicate that the proposal is unlikely to pass. But the discussion about whether Bitcoin should limit non-payment data will not end—this is the eternal question Bitcoin, as an open, censorship-resistant network, must face. $BTC #GUSD年化升至3.8%