What makes you think that, the fee hike was happening at the end of the cycle when the correction was near and the price had exploded to new levels.

It is true that the fees are low but some are still paying higher fees either because of BRC-20 (Ordinals) or because they are using bad wallets which means there is a possibility that the fees will rise significantly in 2025.

If we take what happened in 2017 as an example of bad fees, we will find that the price rises first and then the fees rise.