BIP-110 signaling starts at block 961,632 amid miner pushback
Bitcoin has reached block 961,632, triggering the mandatory signaling period for BIP-110. The signaling phase began around 19:35 UTC on Saturday, and miner support has been consistently low, topping out at roughly 2.5%. That is far below the 55% threshold typically needed for broad agreement.
Key figures—including Strategy CEO Michael Saylor and Blockstream CEO Adam Back—have publicly opposed the change. Supporters of BIP-110 frame it as a user-activated soft fork (UASF), relying on node operators (not miners) to reject blocks that do not signal for BIP-110. In practice, that could split the network: a dominant main chain backed by most hash power versus a smaller minority chain running BIP-110-enforcing nodes.
Traders should note the timeline: the signaling window runs until Bitcoin reaches block 965,664, expected in about four weeks. The immediate market relevance is uncertainty around chain continuity and exchange/wallet compatibility during any competing-chain scenario. BIP-110 remains a high-volatility catalyst because activation depends on node adoption rather than miner consensus, and this can shift quickly as stakeholders react.
Bearish
This update is a near-term risk factor for BTC because BIP-110 is entering its signaling phase with miner support around ~2.5%, far from the implied consensus level (55%) referenced in the article. When a soft-fork proposal lacks miner alignment and shifts reliance to node operators (UASF), the market often prices in chain-split and operational friction risk (exchange deposits/withdrawals, wallet compatibility, and monitoring). Historically, similar upgrade controversies have tended to increase short-term uncertainty even if the eventual outcome resolves without a lasting split.
In the short term (days to weeks), traders may see elevated volatility as participants decide whether to run updated nodes and how exchanges interpret the risk. If BIP-110 adoption among nodes accelerates while miners remain unchanged, the probability of a competing chain rises, which typically adds downside pressure to BTC risk-premium.
In the longer term (after the signaling window ends around block 965,664), one of two things usually happens: either broad coordination forms and uncertainty falls, or the disagreement hardens and sustained fragmentation/price discounts can persist. Because the article highlights active opposition from influential voices and very low miner signaling, the baseline expectation leans toward continued uncertainty until the window closes—hence a bearish bias.