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Analysis: Crypto traders spent $9.7B on fees as Bitcoin stays elevated

financeApr 20, 20261413

1kx analysis found traders spent $9.7 billion in on-chain fees as crypto markets stayed elevated. Bitcoin has traded above $76,000 and helped digital asset investment products draw $1.4 billion last week, with Bitcoin alone accounting for $1.1 billion of that inflow. 1kx says a Bitcoin drawdown would reveal which costs, such as on-chain gas, exchange spreads, or ETF-related fees, actually determine traders' net returns.

Key Highlights

1kx analysis: traders paid $9.7 billion in on-chain fees.
Bitcoin broke $76,000 and attracted $1.1 billion in ETF inflows.
Drawdown would reveal whether on-chain gas or trading spreads matter most.
3 sources
statelinetoday.comCrypto traders spend $9.7B on fees as the next Bitcoin drawdown will expose which on-chain costs arelbank.comLBank Cryptocurrency Exchange | Buy and Sell Bitcoin, Ethereum, MEME, and Morepoloniex.comPoloniex | Cryptocurrency Exchange | Buy & Sell Cryptocurrency

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