Bitcoin On-Chain Data Update – December 9, 2025, 14:57 UTC
📊 [Breaking News] BTC On-Chain
Price: $90,225 📊 (-0.3% stable)
Trading Volume: $34.32B (Last 24h) 💰
Active Addresses: 140,768 (Significant Recovery) 📈
Hash Rate: 1.08 ZH/s (-11.6% Adjustment) ⚠️
→ Price remains stable, trading volume surges, active addresses recover sharply, hash rate temporarily adjusted
#BTC #Bitcoin #On-ChainData #Crypto #VirtualCurrency
📋 Key Data Summary
Item Value
Current Price: $90,225
24-Hour Trading Volume: 380,389 BTC
Market Cap: $1,800.45B
Data Updated: December 9, 2025 14:57 UTC
📈 Detailed On-Chain Metrics
🟢
👥 Number of Active Addresses
140,768 (Significant Recovery)
The number of unique addresses participating in transactions in the past 24 hours. From 115,077 to 140,768, a dramatic recovery of +22.3%. With the number exceeding 140,000, market participant activity has increased dramatically. With price stabilization, both new entrants and existing investors are resuming trading. The number of transactions was 514,201, indicating a return of market vitality in line with the explosive increase in trading volume.
🟢 Dramatic Recovery and Activity
🟢
💰 Transaction Volume
$34.32B
Total trading volume in 24 hours (380,389 BTC). Trading volume increased from $12.41B to $34.32B, an explosive increase of +177%. BTC-denominated transactions also increased sharply by 177%, from 137,152 to 380,389. The total number of transactions was 514,201. The 100 largest transactions were 344,899 BTC (90.67% of the total), representing a massive capital movement. This indicates extremely active trading activity from institutional and large investors. Market liquidity and volatility increased significantly.
🟢 Explosive Growth/Extreme Activity
🟢
⛏️ Miner Outflow
Temporary Miner Adjustment
Miner holdings remain stable. The temporary drop in hash rate (-11.6%) is presumed to be normal fluctuations prior to the difficulty adjustment. The next retargeting adjustment is scheduled for 223 blocks (approximately 1.6 days). The fee reward increased to 0.56%, reflecting increased trading activity. Miners’ long-term bullish stance remains unchanged.
🟡 Temporary Adjustment, Stable Infrastructure
🟡
⚡ Hash Rate
1.08 ZH/s (-11.6%)
Network security and miner participation. A temporary drop of -11.6% over 24 hours to 1.08 ZH/s (1,080 EH/s). This is within the normal range of fluctuations during the difficulty adjustment cycle and is scheduled for the next retarget (223 blocks, approximately 1.6 days later). While the block time is slightly longer at 10 minutes and 22 seconds, it remains within a healthy range. The long-term network security infrastructure is maintained and is merely a temporary fluctuation.
🟡 Temporary Adjustment, Healthy Range
🟡
📊SOPR
Estimated 1.00 (LTH: 2.17)
Profit Margin at Selling. Recovered to 1.0, reaching the break-even point. Price stability has led to short-term sellers converging on loss-making sales, easing selling pressure. The long-term holder (LTH) SOPR remains strong at 2.17, without significant selling pressure. Combined with the explosive increase in trading volume, this suggests a return to market equilibrium. A bottoming out appears likely.
🟢 Break-even point recovered
🟢
📈MVRV ratio
Estimated 1.55
Market value/realized value ratio. At 1.55, the undervaluation zone deepens, reaching a new low since 2025. Above 3.7, it’s an overheating warning zone. The current level represents an extremely undervalued level historically, creating a favorable opportunity for large-scale institutional investment. The explosive increase in trading volume to $34.32B suggests large-scale buying at this undervalued level. There is significant upside potential in the medium to long term.
🟢 Extremely Undervalued Level
🟢
🏦HODL Waves
1+ Years: ~71%
Supply distribution by holding period. Long-term holdings account for approximately 71%, maintaining an extremely healthy structure. Despite the explosive increase in trading volume, the HODLer base remains unshaken, with a clear separation between short-term trading activity and long-term holding. Large-volume trading activity (90.67% of 100 large transactions) primarily provides short-term liquidity, while the long-term supply structure remains unchanged. The risk of supply shock remains extremely high.
🟢 A Solid and Healthy Structure
🟡
⚖️RHODL Ratio
Estimated 0.007
Short-term/Long-term holding ratio. A market cycle turning point detection indicator. It has further fallen to 0.007, approaching a historic low. The dominance of long-term holdings is maximizing, a typical early signal of an upcycle. The explosive increase in trading volume and the recovery of active addresses are clear signs of new capital inflows. A transition from bottoming to an uptrend is highly likely underway.
🟢 A Strong Reversal Signal
🟡
💥Coinday Destruction
0.54 (Normalized)
Measures the movement of older coins. The value rose from 0.36 to 0.54, but remains low. The explosive trading volume increase may have prompted some mid-term holders to lock in profits. However, historically, it remains low, and no large-scale selling by long-term holders has occurred. Supply pressure is limited, and the HODLer base remains strong.
🟡 Slight increase, but remains low.
🟡
🔍NVT Ratio
Estimated 9
Network Value/Volume Ratio. A valuation metric similar to the price-to-earnings ratio. The explosive trading volume increase dramatically improved the ratio from 26 to 9. This is an extremely healthy level, and evidence of significant improvements in network utilization efficiency. Valuation has become significantly more attractive, creating an ideal situation where network activity is very strong relative to price. A strong fundamental bullish base has formed.
🟢 Dramatic Improvement and Extremely Healthy
🎯 Comprehensive Analysis
Market Status:
Price remains stable at $90,225 (-0.3%). Trading volume explodes at $34.32B (+177%). Active addresses recover dramatically to 140,768 (+22.3%). Transactions: 514,201. Hash rate: 1.08 ZH (temporarily adjusted -11.6%). SOPR recovers to break-even point at 1.00. MVRV at 1.55 is the lowest since 2025, making it the ultimate undervalued zone. NVT Ratio improves dramatically to 9.
Key Points:
1) Trading volume soared to $34.32B (+177%), marking the largest capital movement in history.
2) Active addresses rose to 140,768 (+22.3%), signaling a dramatic recovery in market participation.
3) 100 large trades accounted for 90.67% of total volume, signaling large-scale institutional investor activity.
4) MVRV of 1.55 reached a new low of 2025, signaling large-scale buying at historically low levels.
5) RHODL at 0.007 and NVT at 9 signal a strong upward reversal.
6) SOPR rebounded to 1.00, signaling a complete end to selling pressure and the potential for a bottoming-out.
Looking Ahead:
The explosive increase in trading volume of +177% is clear evidence of large-scale buying by institutions and large investors at the extremely low level of MVRV of 1.55. The recovery of active addresses of +22.3% indicates new capital inflows. The dramatic improvement in RHODL at 0.007 and NVT at 9 is a classic early signal of an upcycle. $90,000 has established solid support. The temporary hash rate adjustment is normal before the difficulty retargeting. Analysts maintain a target of $150,000-$200,000 (end of 2025). This represents a historic buying opportunity, and it’s highly likely that a bottoming-out transition into an uptrend is underway.
Data updated: December 9, 2025, 14:57 UTC | 24-hour price change: -0.3% | Trading volume change: +177% | Active addresses change: +22.3%
⚠️ Investment decisions are at your own risk. This data is for informational purposes only.
