One way to determine if BTC has reached its peak is by comparing the revenue generated from fees versus rewards in the market.

This phenomenon occurred in 2017 and 2021, which indicated a bearish reversal.

Currently, the same situation is unfolding, as the fees have surged beyond the levels seen in 2021.

This development suggests that BTC may have already reached its highest point and is likely facing a challenging future for bullish investors.

It remains to be seen if BTC will establish a new low or revisit its previous one.

Given the current market conditions, it is essential to exercise caution while investing in BTC.

It is worth noting that BTC is currently experiencing a short-term surge in price, although its mid-term prospects remain uncertain due to the recent lower-than-expected CPI figures.