The 7-day average transaction fee on the Bitcoin blockchain has risen to $2.40, an increase of about $1 since early May, reaching a new high for the year. Glassnode data shows that the long-term inactive BTC 'illiquid supply' has reached an all-time high, indicating a decrease in the BTC available for trading on exchanges. If demand rises in the future, it could trigger a supply shock, further driving up prices. Meanwhile, Bitcoin's market dominance has rebounded after a previous decline, which may suggest that its short-term pullback relative to other crypto assets is more influenced by liquidity rather than a structural shift in the market towards 'altcoin season'. (TheBloc