Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%
Data shows that as the market adjustment is approaching, Bitcoin fee income has seen a significant drop this week. According to the blockchain analysis platform IntoTheBlock, Bitcoin fee income this week was only $20.3 million, a decrease of 33.1%. Analysis suggests that this situation may be related to the decline of the BRC-20 trend and the decrease in Bitcoin Ordinals activity. In addition, since the approval of the spot Bitcoin ETF, $700 million worth of BTC has been withdrawn from CEX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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