Bitcoin On-Chain Data Update – January 5, 2026
📊 [BREAKING] BTC On-Chain
Price: $93,145 📈 (+6.1% Sharp Recovery)
Trading Volume: $13.34B (Last 24h) 💰
Active Addresses: 117,932 (Significant Decline) 👥
Hash Rate: 1.07 EH/s (-5.14%) ⚡
→ New Year’s Rally Surpasses $90,000! ETF inflows exceed $470 million, institutional investors return, and the bullish outlook continues.
Data updated: January 5, 2026
📋 Key Data Summary
Current Price
$93,145
24-Hour Trading Volume
143,831 BTC
Market Cap
$1,851.88B
Total Blocks
931,013
📈 Detailed On-Chain Metrics
👥
Active Addresses 117,932
A significant decrease from the previous 141,485. Despite the price increase, network users are declining, suggesting this rally is driven by institutional rather than retail investors.
🟡 Caution Required
💥
Coinday Destruction 0.2950 (Sharp Drop)
A dramatic drop from the previous 0.9154. This is a strong bullish signal that the movement of older coins has come to a halt, with long-term holders ceasing sales and returning to HODL mode.
🟢 Strong HODL
⚡
Hashrate 1.07 EH/s (-5.14%)
Despite the price recovery, the hashrate continues to fall. Miner capitulation continues, and inefficient miners are being weeded out.
🔴 Adjustment continues
😨
Fear & Greed Index 26 (Fear)
Improved from “Extreme Fear (24)” to “Fear (26).” While the market is easing away from the end-of-year pessimism, it remains cautious. There is no sign of overheating, and room for further upside remains.
🟡 Improving Trend
📊
SOPREst. 1.05-1.08
Returning to profit zone above 1.0. Market participants are beginning to realize profits, confirming a positive sentiment shift. This suggests a return to a healthy upward trend.
🟢 Return to Profit Zone
💰
ETF Inflows +$471M (Jan 2)
The first trading day of 2026 saw massive inflows. BlackRock (IBIT) alone saw $287M in inflows, underscoring institutional bullishness. This was the highest level since November.
🟢 Institutional Buying
🎯 Comprehensive Analysis
Market Conditions: A dramatic turnaround. The market has shaken off December’s pessimism and surged to $93,145 (+6.1%) early in the new year. The successful completion of $27 billion in options expirations has created a sense of relief, leading to a buying spree among institutional investors. The $471M in ETF inflows is evidence of this.
Key Points:
① Collapse of the Coinday Destruction (0.2950): The most important indicator. The selling pressure on older coins has disappeared. This means that long-term holders have concluded that the price has bottomed out and are withdrawing their sell orders.
② ETF-led rally: The price is rising despite a decrease in active addresses because institutional investors via ETFs, rather than retail investors (individuals), are making large purchases.
③ Anticipation for Trump’s inauguration (1/20): The previous ATH was recorded at the 2025 inauguration, and expectations for the new administration’s pro-crypto policies are driving pre-emptive buying.
④ Whale accumulation: Whales holding over 1,000 BTC have recently accumulated 270,000 BTC, and smart money has already built positions.
Outlook: The trend has completely reversed to bullish. The next targets are $95,000 and a recapture of $100,000. The weak hash rate is a concern, but if the price continues to rise, miners will likely return. The fact that retailers have yet to enter the market (low active addresses) conversely means that there is still buying capacity due to “FOMO (fear of missing out),” and the upside potential is great.
⚠️ Please make investment decisions at your own risk. This data is for informational purposes only.
