NFT Bitcoin: Điểm tựa giá trị giữa "mùa đông" tiền mã hóa—Ngành In_script_ion đang vượt qua suy thoái như thế nào

As of December 15, 2025, according to Gate market data, BTC/USDT is currently trading at $89,820.3, down 2.16% over the past 24 hours.

Meanwhile, the NFT market is experiencing a deep winter. In November, NFT sales dropped to $320 million, nearly halved from October’s $629 million. The total market capitalization of the NFT industry has fallen 66% from its January peak of $9.2 billion, now standing at just $3.1 billion.

01 Market Downturn

The NFT market faced severe challenges in 2025. Data shows that November’s NFT sales hit a yearly low at just $320 million, a sharp decline from October’s $629 million.

The overall cooling trend is clear, with December starting off weak as well. From December 1 to 7, sales totaled only $62 million, marking the lowest weekly figure of 2025.

Even the once-dominant blue-chip NFT collections haven’t been spared. CryptoPunks fell 12% over the past 30 days, Bored Ape Yacht Club dropped 8.5%, and Pudgy Penguins declined 10.6%. The market appears to be reassessing the true value of these digital collectibles.

02 The Unique Position of Bitcoin NFTs

Unlike traditional Ethereum NFTs, Bitcoin NFTs—especially in_script_ions—have developed their own market cycles and valuation logic. Bitcoin in_script_ions are closely tied to the Bitcoin mempool cycle and miner revenue.

As of December 2025, the number of in_script_ions has surpassed 80 million, ranking among the top three in historical NFT sales volume. This demonstrates that Bitcoin NFTs have become a significant force in the market.

Despite the overall NFT market slump, on-chain Bitcoin NFT sales remain relatively active. In the second week of December, Bitcoin NFT sales reached $6.1 million. Although this is a 21.20% decrease from the previous week, Bitcoin NFTs still hold the third spot in market rankings.

03 Market Transformation and the Rise of Utility

In 2025, the NFT market is undergoing a noticeable transformation, shifting from speculative trading to a focus on utility. Third-quarter data shows NFT trading volume nearly doubled quarter-over-quarter, reaching $1.58 billion with 18.1 million transactions—a record high for quarterly trades.

Sports NFTs have performed exceptionally well, with trading volume surging 337% quarter-over-quarter to $71.1 million. The cyclical utility, rights, and loyalty benefits of these assets have decoupled consumer behavior from floor prices, creating new market dynamics.

Bitcoin in_script_ions, on the other hand, are concentrated in the rare collectibles sector. Their development is closely linked to mempool cycles and miner revenue, making Bitcoin NFTs a relatively independent market segment.

04 Technical and Market Features of the In_script_ion Ecosystem

Bitcoin NFT technology differs fundamentally from traditional Ethereum NFTs. It leverages the Bitcoin network’s data storage capabilities, using the Ordinals protocol to inscribe content onto satoshis—the smallest unit of Bitcoin—permanently storing them on the Bitcoin blockchain.

This technical approach brings several key market characteristics: scarcity is determined by Bitcoin block space, value is directly tied to Bitcoin network security, and storage costs fluctuate with Bitcoin network fee cycles.

According to CryptoSlam data, in the second week of December 2025, $X@AI BRC-20 NFT topped the charts with $809,337.16 in sales (8.7195 BTC), highlighting the potential for high-value transactions in the Bitcoin NFT market.

05 Market Performance of Bitcoin NFTs

Amid the broader NFT market downturn, Bitcoin NFTs have shown resilience. While sales dropped 21.20% in the second week of December to $6.1 million, they still ranked among the top three in the market.

By comparison, Ethereum NFT sales for the same period reached $23.93 million, down 10.88%, while Solana NFT sales grew 44.54% to $5.54 million. These divergent trends reflect the independent development paths of NFT ecosystems across different blockchains.

What sets Bitcoin NFTs apart is their direct benefit from Bitcoin’s price performance and network security. As the Bitcoin price breaks through $88,000, the value of Bitcoin NFTs as "carriers of Bitcoin culture" is further strengthened.

06 Bitcoin NFT Opportunities on Gate

As a global leader in cryptocurrency exchanges, Gate offers a comprehensive range of Bitcoin NFT trading pairs and market data. As of December 15, Bitcoin is quoted at $89,820.3 on the Gate platform.

Gate’s data analytics tools help investors track Bitcoin NFT market trends, including in_script_ion sales data, holder distribution, and liquidity indicators. These tools are essential for keeping pace with this emerging market.

With the NFT market shifting toward utility, Gate is actively building out relevant infrastructure. This includes supporting multi-chain NFT trading, providing market analysis tools, and creating a platform ecosystem that connects creators with collectors.

Outlook

As of February 2025, the number of Bitcoin in_script_ions has exceeded 80 million, ranking in the top three among all NFT ecosystems by historical sales volume. Even in the current market winter, this independent sector continues to show unique vitality.

With the next Bitcoin halving cycle approaching, the interplay between mempool activity and in_script_ion minting will once again test the resilience of this young market.