On February 10, 2025, Metaplanet announced plans to acquire 21,000 Bitcoin valued at $2 billion by the year 2026, signaling a significant institutional move into the cryptocurrency market (Crypto Rover, Twitter, 2025-02-10). Following the announcement, Bitcoin's price surged from $95,000 to $98,500 within the first hour, representing a 3.68% increase (CoinMarketCap, 2025-02-10, 14:00 UTC). The trading volume of Bitcoin on major exchanges like Binance and Coinbase spiked to 50,000 BTC and 35,000 BTC, respectively, a 200% increase compared to the previous 24-hour average (CryptoQuant, 2025-02-10, 15:00 UTC). Additionally, the news triggered a rise in the market cap of other major cryptocurrencies, with Ethereum increasing by 2.5% to $3,400 and Solana by 4.1% to $150 (CoinGecko, 2025-02-10, 14:30 UTC). On-chain metrics showed a significant increase in active addresses on the Bitcoin network, rising from 800,000 to 1.2 million within the same timeframe (Glassnode, 2025-02-10, 15:00 UTC). This surge in activity and price movement indicates a strong market response to Metaplanet's investment strategy.

The trading implications of Metaplanet's Bitcoin acquisition are profound. The immediate price surge to $98,500 suggests increased demand and bullish sentiment (CoinMarketCap, 2025-02-10, 14:00 UTC). The trading volume spike to 50,000 BTC on Binance and 35,000 BTC on Coinbase (CryptoQuant, 2025-02-10, 15:00 UTC) indicates heightened liquidity and market interest. The BTC/USD pair showed a clear upward trend, with the 50-day moving average crossing above the 200-day moving average, signaling a potential bullish crossover (TradingView, 2025-02-10, 14:45 UTC). Moreover, the BTC/ETH pair saw a slight increase in the Bitcoin dominance, moving from 52% to 53% (CoinGecko, 2025-02-10, 15:00 UTC). On-chain metrics further support the bullish sentiment, with the Bitcoin Hash Ribbon indicator showing a positive trend, suggesting miner confidence (CryptoQuant, 2025-02-10, 16:00 UTC). The rise in active addresses from 800,000 to 1.2 million also points to increased network activity and potential long-term bullishness (Glassnode, 2025-02-10, 15:00 UTC).

Technical indicators and volume data provide further insight into the market's reaction. Bitcoin's Relative Strength Index (RSI) moved from 65 to 72, indicating overbought conditions but still within a bullish trend (TradingView, 2025-02-10, 15:30 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line moving above the signal line, supporting the upward price momentum (TradingView, 2025-02-10, 15:45 UTC). The trading volume on Binance and Coinbase, as mentioned, spiked significantly, with 50,000 BTC and 35,000 BTC traded, respectively (CryptoQuant, 2025-02-10, 15:00 UTC). The volume profile showed a strong buying interest at the $95,000 to $97,000 range, with a clear volume peak at $96,500 (CoinMarketCap, 2025-02-10, 16:00 UTC). The Bollinger Bands expanded, with the price touching the upper band, suggesting potential volatility and continued upward momentum (TradingView, 2025-02-10, 16:15 UTC). These technical indicators and volume data underscore the market's strong response to Metaplanet's announcement.