Bitcoin transaction fees hit a new high for the year, while illiquidity supply reaches a new high

Odaily Planet Daily News: The average 7-day transaction fee on the Bitcoin chain has risen to $2.40, an increase of about $1 from early May, reaching a new high for the year. According to Glassnode data, the long-term illiquid supply of BTC has reached a historic high, indicating a decrease in the amount of BTC available for trading on exchanges. If demand rises in the future, it may trigger a supply shock and further push up prices. At the same time, the market dominance of Bitcoin has rebounded after a previous decline, indicating that its short-term pullback relative to other cryptocurrency assets is more influenced by liquidity rather than a structural shift towards the "counterfeit coin season". （TheBlock）