Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%

Data shows that as the market adjustment is approaching, Bitcoin fee income has seen a significant drop this week. According to the blockchain analysis platform IntoTheBlock, Bitcoin fee income this week was only $20.3 million, a decrease of 33.1%. Analysis suggests that this situation may be related to the decline of the BRC-20 trend and the decrease in Bitcoin Ordinals activity. In addition, since the approval of the spot Bitcoin ETF, $700 million worth of BTC has been withdrawn from CEX.