demand for bitcoin doesn't necessarily translate to demand for blockspace

most purchases are custodial

I guess I'm looking for evidence / some kind of well-reasoned report, rather than the opinion of some guy from the internet 😀

Not that it matters much, rising fees is a healthy thing, but it is curious. Why now?

Users moving en-masse to/from cold storage following recent price increases?

large scale lightning force closes?

increase in mixing activity?

is probably a mix of things.. presumably some of this can be objectively analysed

the american fed / us dollar doesn't seem relevant tbh