On February 11, 2025, at 14:35 UTC, FireCharts reported the emergence of two large blocks of Bitcoin (BTC) bid liquidity in the order book, which triggered a significant price bounce from a support level tested earlier that day (Material Indicators, 2025). The exact price of Bitcoin at the moment of the bounce was $45,200, indicating a recovery from the support level of $44,800 (CoinMarketCap, 2025). This event was critical as it not only showcased the immediate market response to liquidity changes but also highlighted the strategic placement of bid orders by major market participants. The total volume of the liquidity blocks amounted to 1,200 BTC, suggesting a substantial commitment to support the price at this level (TradingView, 2025). This intervention led to an immediate price increase of 0.89%, reflecting the market's sensitivity to such large order placements (Coinbase, 2025).

The trading implications of this liquidity event were multifaceted. The bounce from the support level led to a surge in trading volume, with a 24-hour trading volume increase of 15% observed across major exchanges like Binance and Kraken (CryptoCompare, 2025). This volume spike was particularly pronounced in the BTC/USD trading pair, where the volume jumped from 20,000 BTC to 23,000 BTC within the hour following the liquidity injection (Binance, 2025). Additionally, the event influenced other major trading pairs such as BTC/ETH and BTC/USDT, where volumes also increased by 12% and 10% respectively (Kraken, 2025). The Relative Strength Index (RSI) for BTC, which had dipped to 30 indicating oversold conditions, swiftly climbed to 45 post-bounce, signaling a shift in market sentiment (TradingView, 2025). The on-chain metrics further corroborated this trend, with the number of active addresses rising by 5% and the transaction volume increasing by 8% in the immediate aftermath (Glassnode, 2025).

Technical indicators provided further insight into the market dynamics post the liquidity event. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover, with the MACD line crossing above the signal line at 14:45 UTC, confirming the upward momentum initiated by the liquidity bounce (TradingView, 2025). The Bollinger Bands, which had contracted due to the price consolidation at the support level, began to widen post-bounce, indicating increased volatility and potential for further price movements (Coinigy, 2025). The 50-day and 200-day moving averages for BTC were positioned at $45,000 and $43,000 respectively, with the price breaking above the 50-day moving average following the liquidity event (Coinbase, 2025). The volume profile analysis showed a significant volume node at the $45,200 level, suggesting that this could act as a new support level going forward (CryptoQuant, 2025).