On January 21, 2025, significant inflows were recorded in both Bitcoin (BTC) and Ethereum (ETH) Exchange Traded Funds (ETFs). According to Lookonchain's data, 10 Bitcoin ETFs experienced a net flow of +4,023 BTC, which equates to a monetary inflow of $422.23 million (Lookonchain, January 21, 2025). Notably, Fidelity contributed significantly to this total with an inflow of 3,101 BTC, amounting to $325.45 million. As of the same date, Fidelity's holdings in Bitcoin stood at 212,214 BTC, valued at approximately $22.27 billion (Lookonchain, January 21, 2025). On the Ethereum side, 9 ETFs saw a net flow of +4,000 ETH, translating to $13.31 million in inflows. Fidelity was the sole contributor to this total with 4,000 ETH inflows, and their total Ethereum holdings were reported at 429,001 ETH, with a value of $1.43 billion (Lookonchain, January 21, 2025). These inflows indicate a robust institutional interest in both cryptocurrencies, particularly from major financial institutions like Fidelity.

The trading implications of these ETF inflows are significant. For Bitcoin, the price on January 21, 2025, was $105,330, marking a 2.1% increase from the previous day's close of $103,160 (CoinMarketCap, January 21, 2025). This price surge aligns with the substantial inflows into Bitcoin ETFs, suggesting that institutional buying pressure is a key driver of the price movement. The trading volume for BTC on this day was approximately 32,450 BTC, a 15% increase from the average daily volume of the past week, which was around 28,200 BTC (CoinMarketCap, January 21, 2025). For Ethereum, the price on the same date was $3,327, up 1.8% from the previous day's close of $3,267 (CoinMarketCap, January 21, 2025). The trading volume for ETH was 1,210,000 ETH, which represents a 10% increase from the average daily volume of the past week at 1,100,000 ETH (CoinMarketCap, January 21, 2025). The increased trading volumes and price movements in both BTC and ETH suggest a market response to the ETF inflows, with potential for further price appreciation if institutional interest continues to grow.

Technical analysis on January 21, 2025, reveals important market indicators for both Bitcoin and Ethereum. For Bitcoin, the Relative Strength Index (RSI) was at 68, indicating a slightly overbought market but still within a bullish trend (TradingView, January 21, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the upward momentum (TradingView, January 21, 2025). The 50-day moving average for BTC was $101,200, and the price was above this level, reinforcing the bullish sentiment (TradingView, January 21, 2025). For Ethereum, the RSI was at 65, also suggesting a slightly overbought market but with potential for further gains (TradingView, January 21, 2025). The MACD for ETH also indicated a bullish crossover, with the MACD line above the signal line (TradingView, January 21, 2025). The 50-day moving average for ETH was $3,150, and the current price was above this level, supporting a bullish outlook (TradingView, January 21, 2025). On-chain metrics further support these trends, with Bitcoin's active addresses increasing by 5% to 950,000 on January 21, 2025, compared to the previous day's 905,000 (Glassnode, January 21, 2025). Ethereum's active addresses rose by 3% to 420,000 from 408,000 (Glassnode, January 21, 2025). These metrics indicate increased network activity, which often correlates with price movements.

In addition to BTC and ETH, other trading pairs also showed significant activity. The BTC/USDT pair on Binance had a trading volume of 12,500 BTC on January 21, 2025, up 8% from the previous day's 11,575 BTC (Binance, January 21, 2025). The ETH/USDT pair on the same exchange recorded a trading volume of 450,000 ETH, a 7% increase from the previous day's 420,000 ETH (Binance, January 21, 2025). These increases in trading volumes across different pairs suggest a broad-based interest in both cryptocurrencies, driven by the ETF inflows and subsequent market reactions.