VanEck notes increasing Bitcoin volatility and decreasing blockchain data

In recent weeks, the Bitcoin market has experienced significant volatility. According to a new analysis from asset manager VanEck, Bitcoin volatility has jumped above 45%, the highest level since April 2025. This highlights the ongoing challenges facing the cryptocurrency market and changes in investor behavior.[/center]

Bitcoin Volatility: Facts and Figures

Since early December, Bitcoin volatility has increased significantly, causing its price to fall by approximately 9%. A selling peak occurred around November 22, when the cryptocurrency briefly traded at around $80,700. This sharp price swing attracted the attention of both investors and analysts, highlighting the volatility inherent in the cryptocurrency market.

VanEck Analysis

VanEck uses a unique GEO framework to analyze Bitcoin's health, taking into account global liquidity, crypto market leverage, and blockchain activity. Recent data shows that while long-term interest in Bitcoin remains, short-term conditions began to soften in December.

Decreasing Blockchain Activity

VanEck's analysis also points to a decline in Bitcoin blockchain activity. Several key indicators indicate a cooling:

- Network Hashrate: A slight decline in the hashrate has been observed, which may indicate a decrease in miner activity.
- Transaction Fees: Daily transaction fees have also decreased, which may indicate fewer transactions on the network.
- New Wallet Addresses: The number of new addresses has shown a slight increase, but this does not offset the overall decline in activity.

These trends indicate that traders and users have become more cautious in their actions, which may be related to the current volatility and uncertainty in the market.

Corporate Buyers vs. ETFs

Despite the overall market weakness, corporate Bitcoin holders continue to increase their positions. From mid-November to mid-December, digital treasuries added approximately 42,000 BTC, their largest accumulation since mid-2025. Much of this buying was related to a strategy that continues to finance Bitcoin acquisitions through equity issuance.

At the same time, there has been an outflow of funds from exchange-traded funds (ETFs), indicating a decline in interest from retail investors. This may be related to increasing volatility and uncertainty in the market, which is forcing investors to reconsider their strategies.

In Conclusion

Bitcoin volatility has reached record levels, creating additional challenges for investors and traders. Declining blockchain activity and changes in the behavior of institutional and retail investors highlight current trends in the cryptocurrency market. While institutional holders continue to increase their positions, retail investors appear to be becoming more cautious, which could impact further market developments.