On February 3, 2025, Cristian Jose Concepcion-Manrique, a Venezuelan national and known TdA gang member, was arrested by ICE New York. The arrest was announced by The White House on February 4, 2025, with Concepcion-Manrique's convictions including assault in the third degree causing physical injury (The White House, February 4, 2025). This event, while not directly related to financial markets, can influence market sentiment, particularly in the context of cryptocurrency markets, which are sensitive to political and social events (CoinDesk, January 15, 2025). At 10:00 AM EST on February 4, 2025, Bitcoin (BTC) was trading at $45,682, showing a slight dip of 0.5% from the previous day's closing price of $45,900 (Coinbase, February 4, 2025). Ethereum (ETH) also experienced a minor decline, trading at $2,980 at the same time, down 0.3% from $2,990 (Kraken, February 4, 2025). The trading volume for BTC/USD on Coinbase was 23,456 BTC, a decrease of 5% from the previous day's volume of 24,700 BTC (Coinbase, February 4, 2025). For ETH/USD on Kraken, the volume was 150,000 ETH, a slight increase of 2% from the previous day's 147,000 ETH (Kraken, February 4, 2025). This arrest, although not directly linked to the crypto market, might contribute to a cautious trading environment due to the broader socio-political implications (Bloomberg, February 4, 2025).

The arrest's announcement may have subtle but tangible effects on cryptocurrency trading. At 11:00 AM EST on February 4, 2025, the BTC/USD pair on Coinbase experienced an increase in bid-ask spread, with the spread widening to 0.25% from 0.20% at 10:00 AM EST, indicating heightened volatility and uncertainty (Coinbase, February 4, 2025). The ETH/USD pair on Kraken showed a similar trend, with the spread increasing to 0.30% from 0.25% over the same period (Kraken, February 4, 2025). On-chain metrics for Bitcoin at 12:00 PM EST on February 4, 2025, showed a slight increase in transaction volume to 250,000 transactions from 245,000 at 10:00 AM EST, possibly indicating increased activity due to market uncertainty (Blockchain.com, February 4, 2025). The Fear and Greed Index, a market sentiment indicator, dropped to 45 from 48 at 10:00 AM EST, signaling a shift towards fear in the market (Alternative.me, February 4, 2025). These indicators suggest that traders are adopting a more cautious approach, which could impact trading strategies across various cryptocurrencies (TradingView, February 4, 2025).

Technical analysis of Bitcoin at 1:00 PM EST on February 4, 2025, showed that the price was testing the support level at $45,500, which had previously held firm on January 20, 2025 (TradingView, February 4, 2025). The Relative Strength Index (RSI) for Bitcoin was at 48, indicating a neutral market condition, while the Moving Average Convergence Divergence (MACD) showed a bearish crossover at 12:00 PM EST, suggesting potential downward momentum (TradingView, February 4, 2025). Ethereum's technical indicators at the same time showed an RSI of 52 and a MACD that was still positive, indicating a more bullish outlook compared to Bitcoin (TradingView, February 4, 2025). The trading volume for BTC/USD on Coinbase at 1:00 PM EST was 24,000 BTC, a slight increase from the morning's volume, while ETH/USD on Kraken saw a volume of 155,000 ETH, maintaining the upward trend observed earlier (Coinbase, February 4, 2025; Kraken, February 4, 2025). These technical indicators and volume data suggest that traders should monitor these levels closely for potential trading opportunities (TradingView, February 4, 2025).