According to @BitMEXResearch, the bitnod.es BIP110 activation monitoring chart shows the Bitcoin network has entered the second signalling epoch with no miner signalling recorded so far. Source: @BitMEXResearch on X Dec 25 2025; bitnod.es. The Christmas-themed progress chart was also inscribed on-chain and is viewable via Ordiscan inscription dd4c5906a402962822dd9d76dba3afd49fa9baea412bbd94d4a827389b694e9di0. Source: @BitMEXResearch on X; ordiscan.com. For traders, versionbits-style deployments require sufficient miner signalling within a difficulty-epoch window to activate, so the current lack of signalling means activation cannot complete in this window unless signalling begins and reaches the threshold. Source: BIP9 versionbits specification on the bitcoin BIPs repository; @BitMEXResearch on X.