BitMEX daily user withdrawals led to a surge in Bitcoin transaction fees during this period

A bitcoin engineer anonymously known as “0xb10c” found that bitcoin transaction fees will soar at 13:08 UTC and continue to return to normal after an hour. Thousands of transactions are generated at 9:08 am for users to withdraw, resulting in an increase in fees during this time period. This has been happening since at least September. The engineer said that if cryptocurrency derivatives exchanges use more efficient technology when broadcasting transactions, users can save up to about 1.7 bitcoins (about $ 15,000) per day, accounting for about 7% of the total daily cost .