The percentage of the fees in the block rewards is steadily increasing.

The-percentage-of-the-fees-in-the-block-rewards-is-steadily-increasing

Miners Fee to Reward Ratio calculates the percentage of the fee in the total block reward. Typically, during a bull run, this indicator spikes and indicates higher values. Higher levels of this indicator demonstrate greater #miner incentive to mine #bitcoin and more network activity, a sign of a healthy bull market.

In contrast, the indicator drops significantly during bear markets, almost close to zero, which shows capitulation. However, the metric experienced a steady rise at the end of the bearish cycles, a sign of accumulation among market participants. 

As a result, #BTC has always experienced a surge and initiated the next Bullrun after the accumulation. Currently, the metric has dropped To 0 after BTC experienced a 75% decline in its price and is rising slowly. Considering this steady rise as the accumulation sign, a bullish surge is expected soon, followed by a new bullish cycle towards new all-time highs.