Bitcoin On-Chain Data Flash Report April 7, 2026

📊 Bitcoin On-Chain Data Flash Report April 7, 2026

• Price: $68,582 📉 (-1.4% vs Apr 6)
• Trading Volume: ~$20B (past 24h) 💰
• Active Addresses: ~78,500 👥
• Hashrate: 951 EH/s (7d MA) / 902 EH/s (spot) ⚡
• Macro: Iran–Hormuz Strait tensions push Brent crude above $110; ETFs see massive inflows of $471.4M

#BTC #Bitcoin #OnChainData #Crypto #Cryptocurrency

📋 Key Data Summary

• Current Price: $68,582.68
• 24h Trading Volume: ~298,000 BTC
• Market Cap: $1.37T
• BTC Dominance: 59.04%
• ETF Net Inflows: $471.4M
• Exchange Net Flow: -12,411 BTC
• Data Timestamp: Apr 7, 2026, 14:00 UTC

📈 Detailed On-Chain Metrics

👥 Active Addresses: ~78,500 (-2.7%) 🔴 Bearish trend continues. Still below the 80,000 level, showing weak on-chain demand. Ongoing U.S.–Iran tensions in the Strait of Hormuz limit new entrants. Compared to Dec 2025, activity remains ~50% lower.

💰 Transaction Volume: ~$20B 🔴 Decline. Down sharply from $26.37B yesterday. CryptoQuant shows $18.67B. 24h transactions ~465,261 (YCharts). Lower volume signals weak network demand.

⛏️ Miner Outflow: ~462 BTC 🟡 Low levels persist. Block rewards 3.125 BTC × 144 blocks ≈ 450 BTC + fees 2.18 BTC. Hashprice $31.40/PH/s/day (CoinDesk). Avg mining cost ~$88,000/BTC vs market ~$68,500 = still unprofitable.

⚡ Hashrate: 951 EH/s (7d MA) 🟡 Pullback. Down from 1,050 EH/s yesterday. Q2 2026 avg = 1,004 EH/s (-5.8% vs Q1). CoinWarz: 902.53 EH/s (Apr 7, 12:31 UTC). Hashrate Index: 947.43 EH/s (7d MA). Estimated 252 EH/s offline. U.S. maintains 37.4% global share.

📊 SOPR: ~0.95–0.98 (STH <1.0) 🔴 Bearish zone. Short-term holders still selling at a loss. At -45.6% from ATH $126K, many 2024–25 buyers remain underwater.

📈 MVRV Ratio: 1.24 🟡 Undervalued zone. Bitcoin Chart Bot shows 1.24 (Apr 3). Below 1.0 = historic bottom. Current level near bottoming zone. Past cycles often recovered from here.

🏦 HODL Waves (1+ years): ~67% 🟢 Stable structure. Long-term holders remain strong. 45% of supply is underwater (Caleb & Brown weekly rollup), but diamond hands continue holding, supporting the floor.

🏛️ Exchange Net Flow: -12,411 BTC 🟢 Bullish signal. CryptoQuant: -12,411 BTC (-0.52%). BTC outflows reduce selling pressure. Exchange reserves down to 2.382M BTC.

🌊 ETF Inflows: $471.4M 🟢 Bullish acceleration. CoinDesk: largest single-day inflow since late Feb. Total net inflows $56.41B. BTC ETF holdings ~1.29M BTC. Institutions may see current price as a buying opportunity.

🔍 NVT Ratio: Est. 40–50 🟡 Slightly overvalued. Price drop accompanied by lower transaction volume, pushing NVT higher. Not overheated, but recovery in activity needed.

🎯 Overall Analysis

Market Status: BTC at $68,582, down -1.4% from yesterday ($69,544). Iran rejected U.S. ultimatum over Hormuz Strait, sending Brent crude above $111/barrel, weighing on risk assets. BTC briefly broke $70,000 on ceasefire talks but failed to hold. Currently testing support at 200-week EMA ($68,317). Still -45.6% from ATH $126,080.

Key Highlights:

• ETF net inflows $471.4M, largest since late Feb → institutional buying signal
• Exchange outflows (-12,411 BTC) → reduced selling pressure
• Hashrate pullback to 951 EH/s (7d MA), Q2 avg down 5.8% vs Q1
• BTC testing support at 200-week EMA $68,317
• Iran–Hormuz Strait tensions keep macro risks elevated

Outlook: Biggest positive surprise = ETF inflows ($471.4M). Institutions appear to be accumulating long-term. However, falling hashrate and weak on-chain demand urge caution. Holding $68,317 (200-week EMA) is critical. Next breakout requires $73,000. Short-term catalyst = resolution (or escalation) of Hormuz Strait crisis. U.S. CPI release later this week is another key event.

Data Sources: CoinDesk, CryptoQuant, Hashrate Index, CoinWarz, BitInfoCharts, Farside Investors, YCharts, Binance Research Data Updated: Apr 7, 2026, 14:00 UTC | 24h Price Change: -1.38% (vs Apr 6 close)

⚠️ Disclaimer: Investment decisions are your own responsibility. This data is for informational purposes only and does not constitute investment advice.