Bitcoin Mempool Congestion Surges to 86,632 Unconfirmed Transactions as 10Y Yield Hits 5.091%
The Bitcoin mempool backlog has surged to 86,632 unconfirmed transactions, a 38% increase above the 30-day average, while the US 10-year Treasury yield holds at 5.091%. This divergence signals a structural capital shift: liquidity is being drained from risk assets by sovereign yields, yet on-chain congestion suggests pockets of aggressive Bitcoin accumulation.
THE SIGNAL: Bitcoin mempool congestion is masking a quiet accumulation by long-term holders, but with the 10Y yield above 5%, the path of least resistance for BTC remains lower until fees normalize.
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📅 2026-10-15