According to BitMEX Research, in disputes over Bitcoin's consensus rules, the most intolerant participants are likely to prevail, while in relay policy conflicts, the most tolerant approach tends to win (source: BitMEX Research, Twitter, May 12, 2025). For traders, this insight indicates that hardline stances on core protocol changes could drive significant volatility and potential chain splits, impacting Bitcoin price movements and liquidity. Conversely, flexible relay policies may enhance network robustness, fostering stability in transaction processing and potentially reducing short-term trading risks. Understanding these dynamics is crucial for market participants assessing risks around contentious upgrades and forks.