Bitcoin NFT: Decoding Digital Inscriptions, the Explosion of Ordinals, and New Market Trends

The price of Bitcoin on December 19, 2025, is approximately 88,100 USDT, providing a stable foundation for the development of NFTs within the Bitcoin ecosystem.

The NFT market in 2025 is undergoing a structural adjustment, with trading volume dropping sharply from $629 million in October to $320 million in November. However, inscriptions on the Bitcoin network through Ordinals have shown counter-trend growth.

01 Market Status: The Explosion of Bitcoin NFTs and the Overall Industry Slowdown

Recent performance of the Bitcoin NFT market has been noteworthy. According to the latest data, NFT sales based on the Bitcoin blockchain reached approximately $425.63 million in just the past week.

This figure has surpassed the sales of all other blockchains, with the top ten NFT series all originating from the Bitcoin chain. This performance stands in stark contrast to the overall NFT market.

During the same period, the global NFT market’s total sales were relatively weak, with the latest weekly data showing sales of about $65 million, a decrease of approximately 16% from the previous week. The number of buyers has also dropped significantly by about 68%, with only around 155,000 buyers participating in the market.

02 Technical Analysis: What Are Bitcoin NFTs and the Ordinals Protocol?

The core technology behind Bitcoin NFTs is the Ordinals protocol, proposed by developer Casey Rodarmor in early 2023. Unlike traditional NFTs on chains like Ethereum, Ordinals are not created via smart contracts but are inscribed directly onto the smallest unit of Bitcoin—the satoshi.

Each satoshi (the smallest unit of Bitcoin, 0.00000001 BTC) has a unique serial number. The Ordinals protocol allows images, text, videos, and other content to be permanently inscribed onto these satoshis, creating Bitcoin-native digital artworks or collectibles.

The BRC-20 standard further expands the possibilities of Bitcoin NFTs by enabling the creation and transfer of fungible tokens on the Bitcoin blockchain. This innovation lays the foundation for Bitcoin DeFi applications and more complex digital asset interactions.

The technical advantage of Bitcoin NFTs lies in their security and immutability, inherited directly from the Bitcoin mainnet, without the need for cross-chain bridges or additional trust assumptions. However, this also introduces challenges such as higher transaction fees and limited block space.

03 Market Dynamics: Current Performance and Challenges of Bitcoin NFTs

Latest market data shows a clear differentiation in the Bitcoin NFT space.

Although overall market trading volume has declined (with Bitcoin NFT sales about $6.1 million in the past week, down 21%), high-value transactions remain active. For example, a Bitcoin BRC-20 NFT recently sold for over $809,000, becoming a market highlight.

It is also noteworthy that there is a complex relationship between Bitcoin NFT market activity and Bitcoin price movements. While Bitcoin was around 88,100 USDT on December 19, 2025—slightly below its all-time high—the relatively stable price provides some support for the NFT market.

Major challenges facing the current NFT market include a significant decrease in buyer numbers (down about 68% in the past week), tightening market liquidity, and the withdrawal of speculative funds. These factors collectively contribute to the overall market adjustment.

04 Trend Analysis: From Speculation to Practicality, the Future Direction of Bitcoin NFTs

Market analysis indicates that the NFT sector is undergoing a structural shift from speculation-driven to utility-driven value. This transition is especially evident within the Bitcoin NFT ecosystem.

NFT projects with practical applications are performing more steadily. Game assets, digital identities, and utility-enabled collectibles are gradually becoming the focus of market attention, while pure art collectibles face greater pressure.

Due to their security and durability, Bitcoin NFTs have unique potential in areas such as digital asset ownership, cultural heritage preservation, and high-value asset tokenization.

The gradual clarification of regulatory environments also provides a more stable external environment for the long-term development of Bitcoin NFTs. Increasing acceptance of blockchain technology and digital assets by major economies helps reduce risks associated with policy uncertainty.

05 Future Outlook: 2025-2026 Bitcoin NFT Market Predictions

Based on current market data and development trends, the Bitcoin NFT market may see the following developments by the end of 2025 and into 2026:

Firstly, the market is likely to continue differentiating, with high-quality, innovative Bitcoin NFT projects attracting limited market liquidity, while many homogeneous projects may face淘汰. Projects with strong utility and active communities will be more resilient.

Secondly, technological improvements may reduce the costs of creating and trading Bitcoin NFTs. As the Bitcoin ecosystem develops, more optimization solutions are expected to enhance user experience in participating in Bitcoin NFTs.

Market participants are expected to become more professional. As speculative funds decrease, long-term holders and institutional investors who truly understand the technical features and value propositions of Bitcoin NFTs may become the main market forces.

Finally, Bitcoin NFTs may increasingly integrate with traditional art, collectibles, and intellectual property management, exploring new application scenarios beyond digital collectibles.

Future Outlook

As of December 19, 2025, Bitcoin’s price remains stable around 88,100 USDT, while weekly sales of Bitcoin NFTs have reached an astonishing $425.63 million.

As the market gradually shifts from frenzied speculation back to rationality, projects that are truly innovative and capable of combining Bitcoin’s technical features with practical value are quietly taking root in this process of sifting the wheat from the chaff.