Data: Bitcoin Average Transaction Fee Drops to Near Multi-Year Low

BlockBeats News, February 15th, CryptoQuant analyst Maartunn posted that the average Bitcoin transaction fee is currently 0.000013 BTC (about $1.27), reaching its lowest point in years.

In May 2023, December 2023, and April 2024, Bitcoin's transaction fees soared multiple times. These increases were mainly driven by the launch of the Runes protocol and a sharp rise in Bitcoin's price. At that time, the number of unconfirmed transactions in the mempool surged, causing users to need to pay higher fees for faster confirmation.

Today, the mempool is in a state of emptiness, the enthusiasm for Bitcoin Inscriptions has waned, and many retail investors seem to be exiting the market again. Now is a great time to optimize wallet management. If your Bitcoin is scattered across multiple addresses, now is a low-cost opportunity to consolidate them.