Bitcoin’s transaction fees have dramatically decreased, dropping over 80% since April 2024. This shift indicates a weakening demand for transaction space, as nearly half of recent blocks are not filled.
Currently, over 1.3 million BTC are held in spot ETFs and custodial services, leading to a reduction in onchain activity, while retail activities migrate to platforms like Solana.
Bitcoin miners are facing significant challenges with profitability as rewards and fees decrease. This situation is pushing them to diversify investments, especially into AI hosting.
Leave a Reply