In January 2025, the Bitcoin network experienced a significant decline in transactions, hitting an 11-month low, with counts down over 43% from the peak in October 2024.

The Bitcoin mempool is nearly empty after unprocessed transactions decreased dramatically from approximately 250,000 in late December, leading many blocks to go unfilled.

The lower transaction activity poses challenges for profitable mining, especially after last year’s halving, prompting some miners to consider diversifying into AI services.