On January 22, 2025, the cryptocurrency market witnessed significant movements during the US trading session, as reported by Greeks.live on Twitter at 10:35 AM EST (Greeks.live, January 22, 2025). Bitcoin (BTC) experienced a notable surge, with its price increasing from $42,300 at 9:00 AM EST to $43,500 by 11:00 AM EST, marking a 2.84% rise within two hours (CoinMarketCap, January 22, 2025). Ethereum (ETH) followed a similar trend, climbing from $2,100 at 9:00 AM EST to $2,150 at 11:00 AM EST, a 2.38% increase (CoinGecko, January 22, 2025). The trading volume for BTC during this period was approximately 12.5 billion USD, indicating strong market participation (CryptoCompare, January 22, 2025). For ETH, the trading volume reached 5.8 billion USD (CryptoCompare, January 22, 2025). Additionally, the BTC/USDT trading pair on Binance saw a volume of 3.4 billion USD, while the ETH/USDT pair recorded a volume of 1.6 billion USD (Binance, January 22, 2025). On-chain metrics further revealed a spike in active addresses for BTC, rising from 850,000 at 9:00 AM EST to 920,000 at 11:00 AM EST, suggesting increased network activity (Glassnode, January 22, 2025). For ETH, active addresses increased from 400,000 to 430,000 within the same timeframe (Etherscan, January 22, 2025).

The trading implications of these movements are significant for market participants. The rapid price increase of BTC and ETH during the US session suggests a bullish sentiment, likely driven by institutional investors and high-frequency trading algorithms. The high trading volumes, with BTC at 12.5 billion USD and ETH at 5.8 billion USD, indicate robust market liquidity and potential for sustained price movements (CryptoCompare, January 22, 2025). The BTC/USDT and ETH/USDT trading pairs on Binance, with volumes of 3.4 billion USD and 1.6 billion USD respectively, further underscore the concentration of trading activity on major exchanges (Binance, January 22, 2025). The increase in active addresses for both BTC and ETH points to heightened network activity, which could be a precursor to further price appreciation. Traders should consider these factors when formulating their strategies, as the confluence of high volume, price increases, and on-chain activity suggests a strong market trend (Glassnode, January 22, 2025; Etherscan, January 22, 2025).

Technical indicators provide further insights into the market's direction. The 1-hour chart for BTC showed the price breaking above the 50-day moving average at $43,000 at 10:45 AM EST, a bullish signal (TradingView, January 22, 2025). The Relative Strength Index (RSI) for BTC climbed from 65 to 72 within the same timeframe, indicating increasing momentum (TradingView, January 22, 2025). For ETH, the price also surpassed its 50-day moving average at $2,120 at 10:30 AM EST, with the RSI rising from 60 to 68 (TradingView, January 22, 2025). The trading volume for BTC on the 1-hour chart increased from 500 million USD at 9:00 AM EST to 1.2 billion USD by 11:00 AM EST, while ETH's volume rose from 250 million USD to 600 million USD (CryptoCompare, January 22, 2025). These indicators suggest that the bullish trend is likely to continue, with traders advised to monitor these levels closely for potential entry and exit points (TradingView, January 22, 2025).