Bitcoin Price Slumps 15% Amid Demand Vacuum: On-Chain Data

Bitcoin's price has experienced a significant downturn, dropping 15% over the past month to reach $37,500 as of December 22, 2025. This decline comes despite earlier expectations of a 'supercycle' driven by increased institutional access and favorable policy changes.

Price Action Details

Bitcoin's current price stands at $37,500, marking a 24-hour decrease of 2%, a 7-day drop of 8%, and a 30-day decline of 15%. Key support levels are now at $35,000, with resistance at $40,000. Trading volume has surged to 120% above the 30-day average, indicating heightened market activity. Bitcoin's market cap has consequently fallen to $712 billion.

Driving Factors

The price movement is attributed to a 'demand vacuum' confirmed by on-chain data. Glassnode reports a significant drop in Bitcoin's active addresses to 750,000, the lowest since early 2024. Additionally, large transactions over $100,000 have decreased by 30% in the last week, suggesting reduced whale activity. No significant news catalysts have emerged recently, further exacerbating the bearish sentiment.

Broader Market Context

Compared to Bitcoin, Ethereum has fared slightly better, with a 30-day decline of only 10%, currently trading at $2,100. The DeFi sector has seen a total value locked (TVL) decrease of 12% to $100 billion, according to DefiLlama. NFT trading volumes have also dropped by 20% over the same period. The Fear & Greed Index currently sits at 35, indicating fear in the market. Analysts from CoinGecko suggest that the bearish trend may continue unless new institutional investments emerge.

For more crypto market updates, visit Crypto News.