Bitcoin On-Chain Data Update – December 4, 2025

Bitcoin On-Chain Data Update - December 4, 2025
📊 [Breaking News] BTC On-Chain
Price: $93,740 📈 (+2.0% increase)
Trading Volume: $26.66B (Last 24h) 💰
Active Addresses: 152,751 (-6.5%) ⚠️
Hash Rate: 1.02 ZH/s (+5.3% recovery) ⚡
→ Price continues to rise, but addresses are declining. The recovery in hash rate is a positive sign.
#BTC #Bitcoin #On-ChainData #Crypto #VirtualCurrency
📋 Key Data Summary
Current Price
$93,739.84
24-Hour Trading Volume
284,392 BTC
Market Cap
$1,870B
Data Updated
December 3, 2025 23:09 UTC
📈 Detailed On-Chain Metrics
👥
Number of Active Addresses
152,751 (-6.5%)
The number of unique addresses that participated in transactions in the past 24 hours. A significant decrease from the previous day. A decline in activity despite rising prices signals caution.
🔴 Significant decrease
💰
Transaction Volume
$26.66B
Total 24-hour trading volume (284,392 BTC). A slight increase in dollar terms, reflecting rising prices. An important indicator of actual demand and market activity.
🟢 Remaining at a high level
⛏️
Miner Outflow
400 BTC
24-hour BTC transfers from mining pools to external parties (block rewards). A decrease from the previous day, indicating a decline in miner selling pressure. Positive news.
🟢 Selling pressure decreased
⚡
Hash Rate
1.02 ZH/s (+5.3%)
Network security and miner participation. A sharp recovery from the previous day, exceeding 1 ZH/s. Reflects rising prices and improved miner profitability. Evidence of a strengthening network.
🟢 Rapid recovery
📊
SOPR
1.01 (LTH: 2.50)
Profit margin at time of sale. Overall, slightly above break-even point. Profit-taking by long-term holders (LTH) decreased compared to the previous day. Signs of easing selling pressure.
🟡 Pressure easing trend
📈
MVRV ratio
Estimated 1.55-1.80
Market value/realized value ratio. CryptoQuant data shows it at the 1.55 level. Undervalued within a healthy range. Over 3.7 is an overheating warning zone. Currently close to a buying opportunity.
🟢 Healthy level
🏦
HODL Waves
1+ years: ~70%
Supply distribution by holding period. A healthy structure with the majority of long-term holdings. Monitor new inflows and the movements of existing holders.
🟢 Stable Structure
⚖️
RHODL Ratio
Estimated 0.008-0.012
Short-term/long-term holding ratio. Detecting a turning point in the market cycle. Currently in the neutral to bearish transition zone.
🟡 Turning Point Monitoring
💥
Coinday Destruction
1.07 (Normalized)
Measured the movement of older coins. Rising again from the previous day. Activity in long-term holding coins has increased. Possible profit-taking due to price increases.
🟡 Re-rising
🔍
NVT Ratio
Estimated 25-35
Network value/trading volume ratio. A valuation metric similar to the price-to-earnings ratio. Currently within the fair valuation range.
🟢 Fair Valuation
🎯 Comprehensive Analysis
Market Conditions: Continued price rise to $93,740 (+2.0%) and rapid recovery of hash rate to 1.02 ZH/s (+5.3%) are positive factors. On the other hand, the significant -6.5% drop in active addresses warrants caution. Keep an eye on the discrepancy between rising prices and declining participation.

Key Points: 1. Hash rate recovery improves miner profitability. 2. The significant drop in active addresses suggests a decline in market participation. 3. MVRV 1.55 is undervalued, with room for further upside. 4. LTH SOPR decline to 2.50 eases selling pressure. 5. Coinday Destruction's resurgence suggests long-term holders are taking profits.

Outlook: The recovery in hash rate and low MVRV are bullish. However, the decline in active addresses suggests a lack of market breadth. An influx of new participants is needed to break $95,000. While there is a risk of a short-term correction, the uptrend is likely to continue in the medium term.

Data Updated: December 3, 2025, 23:09 UTC | 24-hour Price Fluctuation: +2.0% | 48-hour Cumulative: +8.4%

⚠️ Investment decisions are at your own risk. This data is for informational purposes only.