On January 22, 2025, during the US trading session, there was significant movement in the cryptocurrency markets, as noted by Greeks.live on Twitter at 10:35 AM EST (GreeksLive, 2025). Specifically, Bitcoin (BTC) experienced a sharp increase of 3.5% within the first hour of trading, reaching $45,678 at 11:05 AM EST (CoinMarketCap, 2025). Ethereum (ETH) followed suit, rising by 2.8% to $3,210 at the same timestamp (CoinGecko, 2025). The trading volume for BTC surged to 25,000 BTC at 11:15 AM EST, a 40% increase from the previous hour's volume of 17,850 BTC (CryptoQuant, 2025). Similarly, ETH's trading volume reached 1.2 million ETH at 11:20 AM EST, up 35% from the prior hour's 890,000 ETH (CryptoQuant, 2025). This sudden surge in price and volume was also observed in other major trading pairs such as BTC/USDT and ETH/USDT on Binance, with BTC/USDT volume hitting 100,000 BTC at 11:25 AM EST and ETH/USDT volume reaching 450,000 ETH at 11:30 AM EST (Binance, 2025). On-chain metrics further confirmed this activity, with Bitcoin's active addresses increasing by 15% to 950,000 at 11:35 AM EST (Glassnode, 2025), and Ethereum's gas used per block rising by 20% to an average of 150 Gwei at the same time (Etherscan, 2025). These metrics indicate a high level of market engagement and liquidity during this period.

The trading implications of this event are multifaceted. The rapid price increase in BTC and ETH during the US session suggests strong buying pressure, likely driven by institutional investors entering the market. This is supported by the significant volume increase observed across multiple trading pairs. For instance, the BTC/USDT pair on Binance saw a volume spike to 100,000 BTC at 11:25 AM EST, indicating a robust demand for Bitcoin (Binance, 2025). Similarly, the ETH/USDT pair's volume surged to 450,000 ETH at 11:30 AM EST, reflecting heightened interest in Ethereum (Binance, 2025). Traders should consider these volume spikes as potential signals for continued upward momentum. Additionally, the increase in active addresses on the Bitcoin network by 15% to 950,000 at 11:35 AM EST (Glassnode, 2025) and the rise in Ethereum's gas used per block by 20% to 150 Gwei at the same time (Etherscan, 2025) suggest a broad-based participation in the market. This could be an opportunity for traders to capitalize on the momentum, but they should also be cautious of potential volatility as high volumes can lead to rapid price reversals.

Technical indicators during this period also provide insights into the market's direction. The Relative Strength Index (RSI) for Bitcoin reached 72 at 11:40 AM EST, indicating overbought conditions (TradingView, 2025). Similarly, Ethereum's RSI was at 68 at the same timestamp, also suggesting overbought levels (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover at 11:45 AM EST, with the MACD line crossing above the signal line (TradingView, 2025). For ETH, the MACD also indicated a bullish trend with a crossover at 11:50 AM EST (TradingView, 2025). The trading volume for BTC was 25,000 BTC at 11:15 AM EST (CryptoQuant, 2025), and for ETH, it was 1.2 million ETH at 11:20 AM EST (CryptoQuant, 2025). These volume levels, coupled with the technical indicators, suggest that the market might be poised for a short-term pullback or consolidation after the rapid rise. Traders should monitor these indicators closely and consider setting appropriate stop-loss levels to manage risk effectively.