ETFs absorb supply, corporate treasuries top 1M BTC, and Bitcoin enters the Zetahash era. In September, Bitcoin’s price action tested key support levels while the broader environment shifted in favor of risk assets. The Fed delivered its first rate cut in nine months, signaling looser financial conditions that have historically benefited Bitcoin. ETF inflows also rebounded, pushing demand above the pace of newly mined supply and reigniting institutional momentum. Corporate Bitcoin treasuries su

The Bitcoin network has recently crossed an unprecedented threshold, 1,000 exahash (EH/s) or 1 zetahash (ZH/s). This milestone highlights the network’s remarkable growth and resilience, yet it comes at a challenging moment for miners. Miner margins are under pressure from record-high difficulty and shrinking transaction fee income. Fees have historically been only a small share of miner revenue, but their decline highlights broader shifts in on-chain demand.. For most of 2025, transaction fees