Bitcoin On-Chain Data Update – December 16, 2025
📊 [Breaking News] BTC On-Chain
Price: $87,303 📊 (-3.0% down) 📉
Trading Volume: $50.29B (Significant increase in the past 24 hours) 💰
Active Addresses: 138,707 (24-hour activity) ⚠️
Hash Rate: 1.09 ZH/s (+20% sharp recovery) ⚡
→ Continued adjustment, significant increase in trading volume, active price discovery, dramatic recovery in hash rate, extremely cheap valuation
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📋 Key Data Summary
Project Value
Current Price: $87,303 (-3.0%)
24-Hour Trading Volume: $50.29B (280,991 BTC)
Market Cap $1,742.4 billion
Data updated: December 16, 2025, 18:20 UTC
📈 Detailed On-Chain Metrics
🟡
👥 Active Addresses
138,707 (24-Hour Active Addresses)
The number of unique addresses active on the network as senders or receivers over a 24-hour period. Approximately 139,000 addresses demonstrate normal daily activity. Transaction volume remains high at 458,091, indicating continued activity. Despite the 3% price drop from $89,919 to $87,303, there was no panicked increase in activity, and the market is calmly accepting the correction. 100 large transactions accounted for 244,601 BTC (87.05% of the total), with institutional and large-scale activity being the primary driver of the market. Daily active addresses remain stable, and the long-term holder base remains solid.
🟡 Daily Activity: Stable
🟢
💰 Transaction Volume
$50.29 Billion
24-hour total trading volume reached $50.29B, a significant increase from the previous $33.43B, and remains at an extremely high level. In BTC terms, 280,991 BTC were sent, demonstrating continued active trading. The significant increase in trading volume during a -3% price decline suggests a lively mix of bargain hunting and profit-taking, demonstrating a healthy price discovery process. The number of transactions remains high at 458,091. Market liquidity is extremely strong, and the trading base remains very solid even during the correction. This suggests active buying and selling at these discounted levels is underway.
🟢 Extremely High and Active
🟢
⛏️ Miner Outflow
Miners Stable and Profitable
Miners are in an extremely healthy state. Difficulty remains stable at 148.20T, with approximately 8 days and 13 hours remaining until the next retarget (1,221 blocks remaining). Block times remain ideal at 9 minutes and 25 seconds (target 10 minutes), optimizing network efficiency. Miner profitability remains strong at 0.0391 USD/TH/s. Fee rewards remain at 0.66% and trading activity continues. Even as the price fell to $87,303, miners exhibited limited selling pressure, maintaining a long-term accumulation strategy. The sharp recovery of the hash rate (+20%) after the difficulty adjustment is a strong signal of miner confidence and continued participation.
🟢 Extremely Stable and Healthy
🟢
⚡ Hash Rate
1.09 ZH/s (+20%, Rapid Recovery)
Network security and miner participation. Over the past 24 hours, a dramatic increase of +20.05% has been recorded, rapidly recovering to 1.091 ZH/s. This clearly demonstrates the improved profitability of miners following the difficulty adjustment. Difficulty remained stable at 148.20T, with a block height of 928,155. Block times of 9 minutes and 25 seconds were ideal, optimizing network efficiency. 1.09 ZH/s (1,090 EH/s) is approaching an all-time high, ensuring extremely strong network security. The sharp rise in hash rate even during a price correction (-3%) is an extremely positive signal, indicating miners’ long-term confidence and willingness to participate.
🟢 Rapid recovery and extremely strong
🟡
📊SOPR
Estimated: 0.97 (LTH: 2.10)
Profit margin on sale: 0.97, slightly below the break-even point. The -3% price adjustment (from $89,919 to $87,303) has caused some short-term sellers to exit at a small loss. However, 0.97 remains close to 1.0, indicating no large-scale panic selling. The long-term holder (LTH) SOPR remains high at an estimated 2.10, providing ample unrealized gains for long-term investors. A SOPR of 0.97 signals the final exit of weak positions (short-term traders) and historically signals a typical bottom formation. A SOPR below 1.0 often signals the culmination of selling pressure and a turning point for the next uptrend.
🟡 Below break-even point/bottom formation
🟢
📈MVRV ratio
Estimated 1.49
Market value/realized value ratio. The price decline further depressed it to 1.49, a new low since 2025. While a level above 3.7 indicates an overheating alert zone, the current 1.49 represents a historically extremely undervalued buying opportunity. The decline from the previous 1.54 makes the valuation even more attractive. The extremely high trading volume of $50.29B suggests that aggressive buying is underway at this discounted level. MVRV below 1.5 has served as an important floor in past cycles. There is significant upside potential in the medium to long term, and no signs of overheating. This presents a prime opportunity for institutional investors to enter the market.
🟢 2025 Lowest Point, Great Buying Opportunity
🟢
🏦 HODL Wave
1+ Years: Approximately 71%
Supply Distribution by Holding Period. Long-term holdings account for approximately 71%, maintaining a very healthy structure. Even as the price fell 3% from $89,919 to $87,303, the HODLer base remained unmoved and refused to sell. The persistence of long-term holdings, even during a correction, is an important indicator of market health and strong confidence. Large-scale trading activity (87.05% of 100+ trades) is primarily driven by short-term liquidity and price adjustments, while the long-term supply structure remains completely stable. While the potential risk of a supply shock remains extremely high, the structure that will provide a powerful driving force for the next uptrend remains perfectly intact.
🟢 Extremely Sound and Unshakable Foundation
🟢
⚖️ RHODL Ratio
Estimated 0.007
Short-term/Long-term holding ratio. A useful indicator for detecting turning points in the market cycle. A further decline to a historic low of 0.007 reinforces the extremely strong dominance of long-term holdings. A continued decline in RHODL even during price declines indicates the final exit of weaker players and the completion of extreme concentration in stronger players. Historically, a RHODL level of 0.007 typically signals the formation of a major bottom and the start of a new upcycle. Its combination with an MVRV of 1.49 (2025 low) strongly suggests that now is an extremely attractive entry opportunity. There is a very high possibility of a reversal to a significant mid- to long-term uptrend.
🟢 Extremely low level, on the brink of a reversal
🟢
💥 Coin Day Destroyed
1.38 (maintaining stability)
Measurement of the movement of older coins. Maintaining a low level of 1.38, indicating extremely limited movement of older coins even during the correction. Even when the price fell -3% from $89,919 to $87,303, long-term holders remained very restrained in selling, reflecting their strong intent to hold on. The Days Destroyed 1.38 is a historically low level, and there were no large-scale sales or market exits by older, long-term holders. The stability of older coins during the correction indicates that long-term investors are maintaining a long-term perspective without any concern for price fluctuations. The HODLer base is solid, and supply pressure is minimal. This is a strong signal of market health.
🟢 Low Level, Very Solid
🟢
🔍NVT Ratio
Estimated 10
Network Value/Trading Volume Ratio. A valuation indicator similar to the price-to-earnings ratio. Maintains a healthy level of 10. Price and trading volume are well balanced, and network utilization is at an appropriate level. There is no sign of overheating, and network activity is adequately supporting the price. Fundamentals remain sound, and the platform for mid- to long-term growth is solid. Attractive entry levels for institutional investors remain.
🟢 Healthy Level, Good
🎯 Overall Analysis
Market Conditions:
Price corrected -3.0% to $87,303. Trading volume increased significantly from the previous period to $50.29B, and the active price discovery process continues. Hash rate showed a dramatic recovery of +20% to 1.09 ZH/s, demonstrating a significant return of miner confidence. Active addresses (138,707, 24h) remain calm. MVRV 1.49 hits a new 2025 low, providing a favorable buying opportunity from a valuation perspective. SOPR 0.97 signals a final exit for weaker positions, while RHODL 0.007 signals an impending reversal. Long-term holding (71% HODL) remains steadfast, and the supply structure is extremely solid.
Key Points:
① Trading volume surged to $50.29B, with active dip buying and profit-taking during the downturn.
② Dramatic recovery of hash rate +20%, improving miner profitability and demonstrating long-term reliability.
③ MVRV 1.49 (2025 low), offering an extremely attractive entry opportunity from a valuation perspective.
④ SOPR 0.97, breaking below breakeven point and final exit of weak positions (bottom formation pattern).
⑤ RHODL 0.007, historically low levels signaling the start of a new bullish cycle.
⑥ Active addresses 138,707, calm adjustment without panic.
⑦ Long-term holding structure (71% HODL) fully maintained, with ongoing supply shock risk.
⑧ NVT 10, fundamentals and price balance healthy.
Looking Ahead:
Consolidation continues, but on-chain metrics remain extremely healthy. The combination of MVRV 1.49 and RHODL 0.007 is a typical pattern seen historically during major bottom formations. The rapid recovery of hashrate by +20% is an extremely positive signal, indicating long-term confidence and willingness to participate among miners. The sustained high level of trading volume at $50.29B suggests that aggressive buying is underway at these discounted levels. The $85,000-$87,000 range represents a key support level. Analysts still maintain a target of $150,000-$200,000 (end of 2025). $80,000 may act as a final support level in the short term. A new uptrend is expected once the weaker players have exited at SOPR 0.97. Data update: December 16, 2025, 18:20 UTC | 24-hour price change: -3.0% | Market cap: $1,742.4B | Difficulty: 148.20T (stable)
⚠️ Investment decisions are made at your own risk. This data is for informational purposes only.
