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Bitcoin Transaction Fees At Extremely Low Levels Amid Price Rally, A Bullish Signal?

  • Bitcoin's price remains strong above $109,000, while transaction fees have significantly decreased to less than $1.5 per transaction despite the price rally.
  • Historically, higher Bitcoin values were accompanied by increased network congestion and fees, but this trend has now diverged, potentially indicating improved network efficiency.
  • A decline in Lightning Network transactions suggests a shift in network usage to other chains like TRON for faster and cheaper transactions, reflecting changing user preferences.
  • The decrease in Bitcoin transaction fees and usage on alternative chains signify a shift towards Bitcoin as a store of value, while the price faces some bearish pressure at $109,175.

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