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.
For those who do have that experience towards the market then they would really be that definitely be having kind of awareness on how the market behaves or how it moves. It would really be that too hasty in our part for us to have that kind of drawing up some conclusions on what the market do looks like or on how it would move. It cant be avoided sometimes that people will be making up some assumptions basing up on what happened in the past on which its not surprising at all. On the time or moment that you have been able to experience on how it does move or behave then you would be ending up realizing that it wont be that much ideal that you will be assuming on how it would be looking like on the upcoming bull run. This might be the same back in the past or would really be that totally different this time. If we do really tend to zoom out then
you will be able to point out or would really be saying that institutional funds are flowing now into this market on which we cant be able to deny that there might be some possibility of that manipulation on which its not
that something new anymore. This is why im not really that making myself that too optimistic on what would be the upcoming times or moments because it will really be that bringing out that kind of disappointment
on the time or moment that those expectation of yours didnt really happen.