I assume that they never thought of all tx in the last -6 blocks down the queue to be all 1 sat/vb or something like that but it's pretty enjoyable to see this nowadays after so many months.
Yes, that's very enjoyable. With such a low fees, I don't have to stress myself about Bitcoin transactions, I can consolidate my UTXOs and I can buy things with it. But these low fees are good arguments for those who are against the idea of increasing block size. So, first of all, we need to actively adopt Bitcoin payment method and increase the number of Bitcoin payments (we should use it whenever we can) and then I believe that transaction fees will be good for everyone and miners will also collect a good fee from blocks.
Normally the correlation between fees and price in any direction is low. But in some special situations, according to my observations, there can be an effect: When there is a strong bullish sentiment / FOMO, fees tend to be higher, above all in the final stretch of the FOMO phase when people begin to move BTC to the exchanges to take profits. The best example until now was the end of the late 2017 bull market where fees reached all time highs which never were reached later (but this has also to do with Segwit adoption). The reason is probably a wave of new users transferring their first Bitcoins and exchanges managing lots of deposits and withdrawals (and thus, needing space for consolidation transactions).
That's a very logical explanation because of so many reasons. First of all,
not your keys, not your coins. When I want to profit, I send coins from my wallet to an exchange, convert them, withdraw money and that's all. There are also moments when I convert money, wait for price to fall, then buy Bitcoin again and then withdraw to my wallet. I think that many people are like that and that explains why fees increase during bull market.
