The number of unconfirmed Bitcoin transactions can signal potential price trends. When this figure rises sharply, it often indicates network congestion, as seen during high-demand periods like bull runs. This can precede price increases due to heightened activity and FOMO-driven buying. Conversely, a drop in unconfirmed transactions may suggest reduced interest or selling pressure, potentially foreshadowing a price decline. For instance, in late 2017, a surge in pending transactions aligned with Bitcoin’s peak near $20,000, while a subsequent fall mirrored the crash. However, this metric isn’t foolproof—external factors like miner fees, network upgrades (e.g., SegWit), or market sentiment can distort its predictive power. Still, tracking unconfirmed transactions offers a window into real-time user behavior, making it a useful, though not standalone, indicator for price movements.