Cool charts! I hadn't seen those.

Does look like a correlation there (hard to know which way it works though):

![](https://m.stacker.news/145259)

Scoresby

I do think a lot of the mempool being empty is because of: 1. the bear market; 2. a lot of financial volume went to ETFs (separate discussion if good or bad). At least some of the trading volume below would have gone to the bitcoin blockchain.

ETFs do bring new players as well. I think it's a net win for Bitcoin in the long term. But brings noise in the ST.

I’m Rapha Zagury, CEO and Founder of Elektron Energy. AMA starts at 11am EST.

alphazeta

I do think a lot of the mempool being empty is because of: 1. the bear market; 2. a lot of financial volume went to ETFs (separate discussion if good or bad). At least some of the trading volume below would have gone to the bitcoin blockchain. 

ETFs do bring new players as well. I think it's a net win for Bitcoin in the long term. But brings noise in the ST.

https://elektronics.dev/the-bid/