ShayanMarkets2022-05-08

Fee/Reward Ratio indicates that we are in a bear market

Miner’s Fee to Reward Ratio is usually high during the bull market while it is at its lowest point during the bear market. As you can see, after BTC registered $65K ATH, the Fees to Reward Ratio has dropped significantly which is an indication of a bear market and miners’ incentive to sell their reserves in order to cover their expenses.