Bitcoin On-Chain Data Update – December 8, 2025
📊 [Breaking News] BTC On-Chain
Price: $91,484 📊 (+2.6% increase)
Trading Volume: $12.41B (Last 24h) 💰
Active Addresses: 117,392 (Slight decrease) ⚠️
Hash Rate: 1.22 ZH/s (+5.04% increase) ⚡
→ Price recovery, hash rate continues to rise, trading activity remains active
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📋 Key Data Summary
Item Value
Current Price: $91,484
24-Hour Trading Volume: 135,627 BTC
Market Cap: $1,825.55B
Data Updated: December 8, 2025, 14:33 UTC
📈 Detailed On-Chain Metrics
🟡
👥 Number of Active Addresses
117,392 (Slightly Down)
The number of unique addresses participating in transactions over the past 24 hours. While continuing a slight decrease from the previous day, the number remains at nearly 120,000 participants. Even during the price rise, the increase in participants was limited, likely driven primarily by existing HODLers. The number of transactions remained high at 619,420, with individual activity very active.
🟡 Slightly Downward Trend
🟢
💰 Transaction Volume
$12.41B
Total 24-Hour Transaction Value (135,627 BTC). Significantly increased from the previous day, signaling increased market activity. The number of transactions, at 619,420, is near an all-time high, signaling an increase in institutional and large-scale trading. Liquidity is also ample, providing a solid trading platform to support the price rise.
🟢 Significant Increase and Active
🟢
⛏️ Miner Outflow
Continuing Miner Accumulation
Miner holdings remain extremely stable. Miner confidence remains high, in line with the continued rise in hash rate. Miners remain bullish, with continued holding back at the $91,000 level. New miners are also actively joining the market, and network security is at an all-time high.
🟢 Strong Holdings Continue
🟢
⚡ Hash Rate
1.22 ZH/s (+5.04%)
Network Security and Miner Participation. Achieved 1.22 ZH/s with a 24-hour increase of +5.04%. Network reliability remains extremely high, near record highs. Active miner participation continues, and difficulty adjustments are progressing smoothly. This is a strong signal of long-term network stability.
🟢 Near All-Time Highs and Continuing Rise
🟡
📊SOPR
Estimated 1.02 (LTH: 2.18)
Profit margin at time of sale. Slightly above 1.0, a level at which sellers take minor profits. Long-term holder (LTH) SOPR remains strong with no significant selling pressure. Healthy profit-taking during the price upturn is ongoing, and overheating is still limited.
🟡 Minor profit-taking
🟢
📈MVRV Ratio
Estimated 1.58
Market Value/Realized Value Ratio. At 1.58, it remains undervalued. Above 3.7, it’s an overheating warning zone. The current level is historically attractive, with significant upside potential in the medium to long term. The price remains affordable for institutional investors.
🟢 Maintaining Undervaluation
🟢
🏦HODL Waves
1+ Years: ~71%
Supply distribution by holding period. Long-term holding accounts for approximately 71%. Even with short-term price fluctuations, the HODLer base remains very strong and stable. The trend toward long-term holding is increasing, raising the possibility of a supply shock.
🟢 Very Healthy
🟡
⚖️RHODL Ratio
Estimated 0.009
Short-term/Long-term holding ratio. A market cycle turning point detection indicator. Long-term holding continues to dominate at low levels. Historically, it has moved at a level that indicates a transition from bottoming to an uptrend. This likely indicates the early stages of an uptrend.
🟡 Upward Turning Point
🟡
💥Coinday Destruction
0.38 (Normalized)
Measures the movement of older coins. While it has risen slightly, it remains at a low level, with limited large-scale movement of long-term holdings. A stable situation remains with the majority of HODLers continuing to hold, minimizing supply pressure.
🟡 Low Level/Slightly Rising
🟡
🔍NVT Ratio
Estimated 27
Network Value/Trading Volume Ratio. A valuation metric similar to the price-to-earnings ratio. It remains within the fair range, demonstrating good network utilization efficiency. Slight improvement due to increased trading volume indicates improved network utility.
🟡 Fair Range/Improving
🎯 Comprehensive Analysis
Market Status:
Price recovered to $91,484, up +2.6%, and hash rate remained near an all-time high at 1.22 ZH (+5.04%). 619,420 transactions reached a record high, and trading volume increased significantly to $12.41B. Healthy profit-taking at SOPR 1.02, while MVRV 1.58 remains undervalued.
Key Points:
1. Hash rate at 1.22 ZH near all-time high, network reliability at its peak.
2. Continued +5.04% increase over 24 hours, maintaining bullish stance from minor investors.
3. Trading volume increased significantly to $12.41B, indicating increased institutional activity.
4. MVRV 1.58 remains an attractive buying opportunity.
5. Transaction count reached an all-time high with 619,420 transactions.
Looking Ahead:
The combination of all-time high hash rate and undervalued MVRV is an extremely powerful upside catalyst. $91,000 serves as solid support (minor accumulation zone). Analysts maintain a target of $150,000-$200,000 (end of 2025). The significant increase in trading volume suggests full-scale institutional participation, making a medium- to long-term bullish shift highly likely.
Data Updated: December 8, 2025, 14:33 UTC | 24-Hour Price Change: +2.6% | Hash Rate Change: +5.04%
⚠️ Investment decisions are at your own risk. This data is for informational purposes only.
