I'm in bitcoin for the last 11 years and this is the first ATH I see, where we have only 4sat/vb...
What does that mean?
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4sat per vb is actually high from the last few months… it’s the cost to send a transaction… Like a variable cost that fluctuates depending on total number of transactions. So the higher it is it shows less on chain transactions!! So basically we have MORE transactions than 11 years ago but less than earlier this year… I’ve grown to ignore the vb cost 🤣