My theory on fees coming down ... We're in a new quarter, and the A16Z VCs have reassessed their investment expenditures into inscriptions and runes and realizing they've burned a lot of sats unnecessarily. Plus, much of the ETF acquisitions are now done via spreadsheets in Coinbase. As a result, block space demand has noticeably reduced on a temporary basis.
Price pumping because more money started coming in steadily for the past week to week and a half.
Had to look up A16Z 😂
I think most of the action is going on off chain UTC “Under The Counter”
We’re being played by investment professionals who’ve been doing this a long time.
Luckily, we all want the price to pump eventually , so we’ll all win!