The latest mempool spike reminds us it may be costly to spend dusty BTC when charges rise. As we speak might be an excellent alternative to do some defragmenting at 1 sat/byte – ideally right into a segwit tackle. The underside one in all JoHoe's three excellent charts reveals if the mempool is emptying and if 1 s/b transactions are getting mined. Be cautious of wallets auto-setting unnecessarily excessive charges.
It is price remembering that even when all of your BTC is in a single single tackle it may nonetheless be very fragmented: in the event you obtain 100 funds into an tackle you have bought 100 fragments. Make one transaction to ship the entire contents of that tackle to a brand new tackle in your pockets and the brand new tackle will include only one lump of BTC.
Constantly low charges up till the final couple of weeks have maybe lulled us into pondering charges would by no means rise once more so why trouble defragging: the UTXO has reached an all-time high. So in case your stash is a bit dusty, now might be the time to defrag simply in case charges are excessive if you come to make that spend or wish to transfer some BTC into Lightning.