why so many transactions lately. everybodies moving bitcoins. I personally think there are some people buying $10 worth of Bitcoin per day and withdrawaling that .0001 it every day'ish. dollar cost averaging.
your thoughts?
BTCUSD is up 6% in 3 days, with a notable bullish range expansion a couple days ago. I was going to say the congestion was probably due to this bullish development, since bull trends are usually strongly correlated with increased BTC transaction volume and fees.
However, a day later, we can see the mempool spike was relatively small and things have now returned to normal:
Nothing to see here......