Bitcoin On-Chain Data Update – December 5, 2025
📊 [Breaking News] BTC On-Chain
Price: $89,444 📉 (-3.0% down)
Trading Volume: $22.58B (Last 24h) 💰
Active Addresses: 153,374 (-11.0%) ⚠️
Hash Rate: 0.95 ZH/s (+3.1% recovery) 📈
→ Price correction continues, but hash rate recovers, showing signs of miner accumulation
#BTC #Bitcoin #On-ChainData #Crypto #VirtualCurrency
📋 Key Data Summary
Current Price: $89,444.34
24-Hour Trading Volume: 252,416 BTC
Market Cap: $1,784.7B
Data Updated: December 5, 2025, 16:33 UTC
📈 Detailed On-Chain Metrics
👥
Number of Active Addresses
🔴
153,374 (-11.0%)
Number of unique addresses participating in transactions over the past 24 hours. Down from the previous day. While short-term participation declines are evident due to the price drop, long-term holders remain stable.
🔴 Trending downward
💰
Transaction Volume
🟡
$22.58B
24-hour total trading volume (252,416 BTC). While down from the previous day, it remains at a healthy level. With 366,381 transactions, market activity continues.
🟡 Decreases are healthy
⛏️
Miner Outflow
🟢
Miners begin accumulating
Miners accumulated 2,417 BTC (worth $220M) over 11 days. Reserves increased from 1,803,633 BTC to 1,806,050 BTC. Accumulation during a price decline is a bullish sign.
🟢 Accumulation phase
⚡
Hashrate
🟢
0.95 ZH/s (+3.1%)
Network security and miner participation. Recovered from the previous day to 953.82 EH/s. This is positive evidence of restored miner confidence and a strengthened network.
🟢 Recovery trend
📊
SOPR
🔴
0.98 (LTH: 2.15)
Profit margin at closing. Falling below 1.0, we are entering a loss realization phase. Long-term holder (LTH) SOPR also declined. While this is a bearish signal, it may also suggest a bottoming out.
🔴 Loss realization phase
📈
MVRV ratio
🟢
Estimated 1.52
Market value/realized value ratio. Falling from the previous day to undervalued territory. Above 3.7, we are in the overheating alert zone. Currently, prices are close to historically favorable buying opportunities, with ample upside potential.
🟢 Undervalued
🏦
HODL Waves
🟢
1+ Years: ~70%
Supply distribution by holding period. A healthy structure with long-term holdings predominating. Despite short-term selling pressure, HODLers maintain a strong base.
🟢 Stable Structure
⚖️
RHODL Ratio
🟡
Estimated 0.009
Short-term/long-term holding ratio. Detecting a turning point in the market cycle. A downward trend favors long-term holdings. Possible historical bottoming signal.
🟡 Neutral Zone
💥
Coinday Destruction
🟢
0.72 (Normalized)
Measured the movement of older coins. Decreased from the previous day. Decreased movement of long-term holdings, confirming a strong holding stance by HODLers. A sign of bottoming.
🟢 Strengthen HODLers
🔍
NVT Ratio
🟡
Estimated 31
Network Value/Trading Volume Ratio. A valuation metric similar to the price-to-earnings ratio. A slight increase remains within a healthy range.
🟡 Healthy Range
🎯 Overall Analysis
Market Conditions: Continued price correction to $89,444 (-3.0%) and a decline in active addresses (-11.0%) indicate short-term weakness. Meanwhile, a recovery in hash rate (+3.1%) and the start of miner accumulation (equivalent to $220M) signal a bottoming out. SOPR 0.98 indicates realized losses, but also indicates a reversal.
Key Points: 1) Miners have accumulated 2,417 BTC in 11 days, signaling a bullish turn. 2) Hash rate recovery improves network reliability. 3) MVRV 1.52 is at a historically low level, with ample upside potential. 4) SOPR falling below 1.0 signals a bottoming out, a reversal pattern seen in the past. 5) A decline in Coinday Destruction strengthens HODLers.
Looking Ahead: CryptoQuant warns of a bearish signal of a “confirmed cycle top.” Support at $85,000 is crucial in the short term. However, miner accumulation and a low MVRV are key reversal factors for the medium to long term. A recovery in trading volume and an increase in active addresses are necessary to recover to $90,000. A bottoming out is likely underway.
Data Updated: December 5, 2025, 16:33 UTC | 24-Hour Price Fluctuation: -3.0% | 48-Hour Cumulative: -5.8%
⚠️ Investment decisions are at your own risk. This data is for informational purposes only.
