Bitcoin Core Dev Warns Pause BTC Transfers Near BIP-110 Deadline at $61,700

On July 2 a Bitcoin Core developer urged users to halt transfers in early August as BIP-110 activation approaches. The warning follows the July 1 revival of the Ordinals debate by the same soft-fork proposal, which would limit blocks to payments only and activate at height 961,632 even without broad support. Current signaling stands at just 0.76-0.79 percent while Ordinals and Runes still drive over 67 percent of transactions and more than 91 percent of blocks remain full, generating roughly $2.3 million in daily fees. Traders are watching for short reorgs and mempool splits rather than immediate price moves, with BTC quoted around $61,629-$61,797.