Bitcoin On-Chain Data Update – December 5, 2025
📊 [Breaking News] BTC On-Chain
Price: $92,225 📉 (-1.0% down)
Trading Volume: $31.03B (Last 24h) 💰
Active Addresses: 172,299 (+12.8%) 📈
Hash Rate: 0.93 ZH/s (-8.3% adjustment) ⚡
→ Small price adjustment, but significant address increase. Hash rate adjustment is healthy.
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📋 Key Data Summary
Current Price: $92,225.19
24-Hour Trading Volume: 336,461 BTC
Market Cap: $1,840.2B
Data Updated: December 4, 2025, 10:09 PM UTC
📈 Detailed On-Chain Metrics
👥 Active Addresses 🟢
172,299 (+12.8%)
The number of unique addresses participating in transactions over the past 24 hours. A significant increase compared to the previous day. This is encouraging evidence of increased network activity despite the price correction.
🟢 Significant Increase
💰 Transaction Volume 🟢
$31.03B
24-Hour Total Transaction Volume (336,461 BTC). Maintaining a high level, demonstrating robust demand and market activity. Transaction volume also remained robust at 410,429.
🟢 Maintaining a High Level
⛏️ Miner Outflow 🟢
Estimated 320 BTC
24-Hour BTC Outbound Transfers from Mining Pools. A downward trend compared to the previous day, indicating reduced selling pressure from miners. This indicates a reluctance to sell during price dips.
🟢 Selling pressure declines
⚡ Hashrate 🟡
0.93 ZH/s (-8.3%)
Network security and miner participation. Despite a correction from the previous day, the level remains high. Healthy movement due to miner profitability adjustments maintains long-term network strength.
🟡 Healthy correction
📊SOPR 🟡
Estimated 1.02 (LTH: 2.30)
Profit margin at time of sale. Overall, slightly above break-even point. Long-term holders (LTH) are taking profits steadily from the previous day. Selling pressure is at a neutral level.
🟡 Neutral level
📈MVRV ratio 🟢
Estimated 1.65
Market value/realized value ratio. Within a healthy range and within the fair valuation range. Above 3.7 is the overheating warning zone. Currently, the level suggests room for mid- to long-term upside.
🟢 Due Diligence
🏦HODL Waves🟢
1+ Years: ~70%
Supply distribution by holding period. A healthy structure dominated by long-term holdings. An increase in active addresses due to new inflows is confirmed.
🟢 Stable Structure
⚖️RHODL Ratio🟡
Estimated 0.010
Short-term/Long-term holding ratio. A turning point in the market cycle has been detected. The current value is in the neutral zone, with no significant directional change.
🟡 Neutral Zone
💥Coinday Destruction🟡
Estimated 0.95 (Normalized)
Measured the movement of older coins. Stable from the previous day. No significant movement in long-term holdings was observed, with HODLers continuing to hold them steadily.
🟡 Stable
🔍NVT Ratio🟢
Estimated 28
Network value/trading volume ratio. A valuation metric similar to price-to-earnings ratio. Currently maintaining a healthy level within the fair valuation range.
🟢 Fair Valuation
🎯 Comprehensive Analysis
Market Conditions: Despite a slight price correction to $92,225 (-1.0%), the significant increase in active addresses (+12.8%) is positive. The hash rate adjustment (-8.3%) represents a healthy profitability adjustment. A healthy balance between price adjustment and increased participation is confirmed.
Key Points: 1. The significant increase in active addresses increases market participation enthusiasm. 2. The hash rate adjustment remains high, supporting a healthy network. 3. MVRV of 1.65 is within the fair range, with room for upside. 4. Supply and demand improves as minor selling pressure declines. 5. Trading volume remains high at $31.03B, providing solid liquidity.
Future Outlook: Despite a slight price correction, the increase in participants and increased network activity are bullish. MVRV remains at the fair level and selling pressure declines provide additional support. A sustained increase in addresses is key to re-tackling $95,000. While there may be short-term corrections, the medium-term uptrend is likely to continue.
Data updated: December 4, 2025, 22:09 UTC | 24-hour price change: -1.0% | 48-hour cumulative change: -2.1%
⚠️ Investment decisions are at your own risk. This data is for informational purposes only.
