In 2025, Bitcoin's Average Daily Transaction Volume Hits Record High: Analysis of Market Liquidity and Blockchain Activity

In this rapidly changing era of digital assets, Bitcoin transaction trend analysis has become especially important. In 2025, we’ve witnessed how changes in Bitcoin’s average daily transaction volume have become a focal point as a market liquidity indicator, once again sparking heated discussions about crypto market liquidity metrics. This article takes an in-depth look at the relationship between Bitcoin transaction volume and price, as well as assessments of blockchain network activity, helping you understand the driving forces behind trading and its future trends. Join us as we uncover the latest market dynamics and trends of Bitcoin.

In 2025, the Bitcoin market has shown a significant increase in trading activity. According to on-chain data, the 30-day average of active addresses is about 735,000, with an average daily transaction count of 390,000 to 400,000, demonstrating a strong foundation of network usage. The record highs in Bitcoin’s average daily transaction volume reflect the overall rise in participation from both institutional investors and retail traders. As of December 7, Bitcoin’s 24-hour trading volume reached $42.138 billion, indicating that market liquidity remains active. Looking at the relationship between transaction volume and price, the steady growth in average daily volume provides ample buying support for the market. Despite significant price volatility, the expansion of trading depth proves the continued maturity of infrastructure.

Cryptocurrency market liquidity indicators present a complex scenario. The combined supply of the top five stablecoins reached a record high of $263 billion, with combined average daily transfer volume of USDT and USDC at about $225 billion, providing ample liquidity support for market trading. However, overall liquidity faces structural challenges. BlackRock’s IBIT spot ETF saw a single-day net outflow of $523 million on November 18, with a total four-week net outflow reaching $2.19 billion, reflecting a shift in institutional investor caution. The US 10-year Treasury real yield climbed to a high of 4.8%, weakening Bitcoin’s “digital gold” hedge advantage. Conversely, the share of decentralized perpetual contracts (DEX perp) rose from 10% to 16–20%, with monthly trading volume surpassing $1 trillion, indicating that market participants are shifting towards more flexible trading venues.

Assessment of blockchain network activity shows that Bitcoin’s network fundamentals remain solid. The NVT indicator experienced a golden cross to 1.51, indicating that valuations are backed by real usage, with trading activity and network value in good balance. Major changes have occurred in on-chain supply structure: 74% of on-chain assets are locked long-term, with 75% of assets unmoved for over six months. This high supply concentration reflects holders’ strong long-term bullish expectations. Over the past 90 days, Bitcoin settled approximately $6.9 trillion, comparable to or exceeding Visa and Mastercard’s quarterly processing volumes, highlighting its core status as a value transfer network. Spot daily trading volume rose from $4–13 billion in the previous cycle to $8–22 billion, while futures open interest expanded to a record $67.9 billion. Although the number of active entities dropped from 240,000 to 170,000, this mainly reflects a shift in activity from on-chain to brokers and ETF venues, rather than a collapse in usage.

Bitcoin transaction trend analysis presents multi-dimensional features. Market dominance rose from 38.7% in November 2022 to 58.3%, indicating capital is concentrating in highly liquid mainstream assets while altcoins recede. Long-term volatility sharply dropped from 84% to 43%, reflecting deeper market depth and increased institutional participation, with significantly improved market maturity. However, there are structural divergences between transaction volume and price: on October 11, a single-day Bitcoin drop of over 13% liquidated 1.62 million investors and wiped out $19.1 billion, revealing the risks implicit in excessive leverage (average leverage ratio 6.2x). CME Bitcoin futures account for 30% of total open interest, showing clear institutional presence, but the three-month rolling basis fell to a low of 4.3%, indicating shrinking arbitrage opportunities. While changes in Bitcoin’s average daily transaction volume demonstrate market activity, current market positioning should be assessed rationally in light of the macro environment and regulatory trends, with attention to potential impacts from liquidity withdrawal and structural risks.

This article explores the record highs in Bitcoin’s average daily transaction volume in 2025, with strong performance in market liquidity and blockchain activity. It analyzes the impact of increased institutional and retail participation on trading volume, as well as the growth of stablecoin supply and DEX perpetual contracts. The article is suitable for cryptocurrency investors and market analysts, helping them understand structural market challenges. Core sections include increased trading activity, network activity records, bull market trading trends, and liquidity indicator assessments. Keywords emphasize Bitcoin, liquidity, and exchanges. The article provides in-depth insights and is suitable for quick scanning. #USDC# #比特幣# #區塊鏈#