Hey folks, pay attention! A key signal has just emerged in the crypto world: The proportion of Bitcoin network transaction fees to total miner income has fallen below 1%, creating a near three-year low! This is not just ordinary data; it’s like a deep-water bomb, hiding potential game-changing trends beneath the seemingly calm market! $BTC

1. What does it really mean that the fee ratio has hit a record low?

In simple terms, miners' income mainly relies on two parts:

System rewards (fixed, currently about 6.25 BTC per block)

Transaction fee (users voluntarily pay more, speed up packaging)

What does it mean that the fee ratio is now below 1%?

No more congestion in on-chain transfers! Everyone is not in a hurry to package transactions, and the network runs smoothly, making fees naturally cheap to 'cabbage prices'.

Trading activity has cooled down. The NFT craze, the inscription boom, and the meme coin frenzy... these drivers of high fees have indeed calmed down recently.

2. Historically astonishing similarity: Low fees often hide great opportunities?

Looking back at Bitcoin's 'old almanac', you will discover an interesting pattern:

In May 2020, shortly after the halving, the fee ratio also fell below 2%. At that time, the market was silent, and many people felt that 'Bitcoin is going to cool down.' What happened next? In the following six months, a bull market quietly started, and Bitcoin skyrocketed!

At the end of 2018, during the bear market, the fee ratio was also extremely low for a time. Those who endured that darkest moment later enjoyed great gains.

This time the fee ratio hitting a three-year low perhaps hints: The market has cooled down to the extreme, the spring is tightly compressed, just waiting for an opportunity to explode?

3. Is it bad news for miners? Not necessarily! Market resilience is becoming evident.

Some people worry: if the fees decrease, miners' income will drop, could it trigger a 'mining disaster'? Don't panic! The price of coins is the key support. As long as the Bitcoin price remains relatively stable (currently far above many miners' shutdown prices), miners can still survive on block rewards.

Healthier after the 'great cleansing'. Those who can withstand low fees and low coin price pressures are strong and efficient mining operations. The entire network has actually become more robust!

Preparing for the next 'congestion'. Once market enthusiasm returns (for example, a spot ETF approval bringing in massive funds?), on-chain transactions will surge, and fees will rocket, doubling miners' income in no time!

4. For ordinary holders: Patience is more precious than gold!

The market is quiet, and people's minds are unsettled. But this is precisely the moment that tests faith and vision!

Lower cost of holding coins: Transfers have become cheaper, making it more cost-effective for large funds to enter and exit, and for diversified storage.

Better timing for layout: Market sentiment is low, often the window period for value investors to 'pick up cheap chips' (of course, don’t go All In!).

Focusing on long-term value: The Bitcoin network foundation remains strong, with security unchanged. The short-term low fees are more like the calm before the storm.

Tycoon’s conclusion: When the fee ratio drops to the freezing point, it is the normal breathing of the market cycle. It acts like a mirror, reflecting the current quietness and more likely projecting the future heat. Instead of panicking, it's better to calmly observe and stay patient. The script of Bitcoin has never lacked exciting chapters of reversal!

The quieter the market, the more you need to be vigilant. Opportunities often sprout in places that no one cares about!

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