Someone is consolidating large batches of UTXOs at erroneously high fee rates. In the last 7 days they have overpaid by over 5 BTC ($580k) 🤯 They could instead just use 1 sat/vB and RBF if needed (or use Mempool Accelerator Pro and avoid any complexity😉) 196 tx match the following pattern between block heights 913374 - 914379 (past 7 days). - Minimum Input Count: 100 - Output Count: 2 - Fee Rate: Between 101.6 and 101.7 sat/vB Total fees: 5.43388700 BTC
1 sat/vB is clearing but someone just made a consolidation at 102 sat/vB 🫥 image
Sense check Despite a dip in activity there are still 267k “legit” transactions per day. (Average non OP_RETURN related/Inscription over the past 90 days)