<ul><li>Bitcoin's on-chain transaction volume remains historically low with sluggish activity and low fees.</li><li>Whale activity has been stagnant since late 2022, reducing fee pressure on Bitcoin.</li><li>Changes in network usage, including the emergence of Ordinals and off-chain scaling solutions, contribute to sustained low fees.</li><li>Muted market sentiment and lack of urgency in moving BTC suggest investors are waiting for more compelling bullish signals.</li></ul>

Bitcoin Onchain Demand Fades—Will a Massive Fee Surge Return?

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