I was surprised too when I checked the transaction fees, they’re really cheap these days (
checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.
I won't be too hasty in making conclusion, part of me don't really believe that we're truly in a bullrun yet, I mean, we're just a slightly higher than previous cycle's ATH that I don't think that in this current cycle we're already in a bullrun yet.
we will see how the fee will be when BTC at least going above $80k, picking up on the bullish trend again.
as of now, just retracements and sideways, personally I think BTC will truly be hitting its ATH maybe next year, but that just my shallow speculation.
but this low fee could also be contributed to the fact that some people might depict bitcoin heavily as just for investment so what they're doing is just keeping their BTC in cold storage, hardly using it for interaction.