Analyst: Plunging Bitcoin fees could lead to faster miner selling

PANews reported on May 15 that according to CoinDesk, analysts at Kaiko said that the significant decline in Bitcoin transaction fees may cause miners to accelerate the sale of Bitcoin. This trend could weigh on the Bitcoin market, as increased miner sales could increase the supply of Bitcoin on the market, putting downward pressure on prices. The decrease in Bitcoin transaction fees reflects reduced network activity, which may be a signal of weakening market demand. Analysts advise investors to closely monitor miner behavior and Bitcoin transaction fee trends to assess potential market impact.