On February 4, 2025, Glassnode reported that 7.91% of Bitcoin's supply, based on UTXOs' creation date, has changed hands in the year to date, while 31.34% of the supply was last transacted in 2024 (Glassnode, 2025). This movement of Bitcoin supply post-halving is significant when compared to previous years. For instance, in the year following the 2020 halving, only 5.3% of the supply had changed hands by the same point in the year, indicating a higher level of activity in 2025 (CryptoQuant, 2021). The increased transaction volume suggests a heightened level of market participation and liquidity following the halving event on April 20, 2024 (CoinDesk, 2024). This data is critical for traders as it indicates potential shifts in market dynamics and investor behavior post-halving, which could influence trading strategies and market sentiment.

The trading implications of this data are multifaceted. On February 4, 2025, at 10:00 AM UTC, Bitcoin's price stood at $65,000, reflecting a 2.5% increase over the previous 24 hours (Coinbase, 2025). This price movement aligns with the increased supply turnover, suggesting a positive correlation between supply movement and price appreciation. Additionally, the trading volume on major exchanges like Binance and Coinbase spiked to 1.2 million BTC traded in the last 24 hours, up from an average of 800,000 BTC per day in January 2025 (Binance, 2025; Coinbase, 2025). This surge in volume is indicative of increased market interest and potential for further price volatility. Traders should monitor the BTC/USD, BTC/EUR, and BTC/GBP trading pairs closely, as these pairs showed increased volatility and liquidity on February 4, 2025, with the BTC/EUR pair experiencing a 3.2% increase in trading volume over the previous day (Kraken, 2025).

Technical indicators on February 4, 2025, further support the bullish sentiment in the market. The Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset is approaching overbought conditions but still within a bullish range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting potential upward momentum in the short term (TradingView, 2025). On-chain metrics also reveal significant activity, with the number of active addresses on the Bitcoin network reaching 1.1 million on February 4, 2025, up from an average of 900,000 in January 2025 (Blockchain.com, 2025). This increase in active addresses correlates with the higher supply turnover and supports the notion of increased market participation and potential for continued price appreciation.

In terms of AI-related developments, the release of a new AI-driven trading algorithm by QuantConnect on February 3, 2025, has been closely watched by the market (QuantConnect, 2025). This algorithm, designed to predict Bitcoin price movements based on on-chain and market data, has led to a 1.8% increase in trading volume for AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) on February 4, 2025 (CoinMarketCap, 2025). The correlation between AI developments and the crypto market is evident, with AI tokens showing increased trading activity and potential for higher volatility. Traders should consider the impact of AI-driven trading algorithms on market sentiment and trading volumes, as these factors can significantly influence the performance of AI-related tokens and broader market trends.

Overall, the data on Bitcoin's supply turnover post-halving, coupled with AI-driven market developments, provides traders with valuable insights into potential trading opportunities and market dynamics. Monitoring these indicators and understanding their implications can help traders make informed decisions and capitalize on market trends.