Hybernation in progress

Ethereum fees are so low last days. We could even notice they've been that low before previous bottoms:

Low fees mean very little activity, no one is interested to do anything.

Is it connected to stablecoin velocity (let's say DAI)?

It looks like velocity (a measure of how quickly money is circulating in the crypto economy) has always decreased when we went to the top. Quite low now.

What are these two charts showing together is hybernation.

It happens typically in winter. Bears sleeping in winter. Waiting for a trigger...

Charts: https://app.santiment.net/s/qWwpNSTX