The system emulator creates a virtual environment by emulating hardware resources such as processor, memory, and peripherals, which can support software running and debugging of different architectures and greatly shorten the cross-architecture software development cycle. The emulator usually supports instruction tracing and can be employed for analysis by recording the instruction sequence of program running, such as running time evaluation and behavior pattern analysis related to the program, and joint emulation of software and hardware. As the mainstream emulators supporting RISC-V architecture, both QEMU and Spike support instruction tracing. However, they are time- and space-expensive and inefficient when dealing with large-scale applications. Thus, this study proposes an instruction tracing technology with QEMU. When instructions are traced without distortion, static information such as basic blocks and control flow charts in the program is decoupled from branch selection and other dynamic information. Compared with the native instruction tracing implemented by QEMU, the proposed technology reduces the time overhead by more than 80% and the space overhead by more than 95%. Additionally, based on RISC-V architecture, this study realizes off-line analysis of instruction sequences in various scenarios, such as instruction classification statistics, program hotspot marking, and program behavior analysis.