On January 22, 2025, the cryptocurrency market witnessed significant inflows into Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs), as reported by Lookonchain on X (formerly Twitter) (source: Lookonchain, X post, January 22, 2025). Specifically, ten Bitcoin ETFs recorded a net flow of 6,719 BTC, amounting to an inflow of $700.94 million. BlackRock's iShares Bitcoin ETF alone contributed significantly to this surge, with an inflow of 6,208 BTC, valued at $647.67 million. At the time of the report, BlackRock's iShares held 569,343 BTC, with a total value of $59.4 billion. On the Ethereum front, nine ETFs reported a net flow of 18,108 ETH, equating to $59.59 million. BlackRock's iShares Ethereum ETF led with an inflow of 16,959 ETH, amounting to $55.81 million, and currently holds 1,176,690 ETH, valued at $3.87 billion. These figures highlight a robust demand for both BTC and ETH ETFs, driven primarily by institutional investors (source: Lookonchain, X post, January 22, 2025).

The influx of capital into these ETFs has significant trading implications. The Bitcoin price at 10:00 AM UTC on January 22, 2025, was $103,000, reflecting a 2.5% increase from the previous day's close of $100,500 (source: CoinMarketCap, January 22, 2025). This price surge can be attributed to the substantial inflows into Bitcoin ETFs, particularly BlackRock's iShares, which saw a significant increase in its holdings. The trading volume for BTC/USD on Binance during the same period was 23,500 BTC, indicating heightened trading activity (source: Binance, January 22, 2025). Similarly, Ethereum's price at 10:00 AM UTC on January 22, 2025, was $3,290, up by 1.8% from the previous day's close of $3,230 (source: CoinMarketCap, January 22, 2025). The trading volume for ETH/USD on Coinbase was 112,000 ETH, suggesting a strong market interest in Ethereum as well (source: Coinbase, January 22, 2025). These movements suggest that the ETF inflows are directly impacting spot prices and trading volumes, providing traders with opportunities to capitalize on these trends.

Technical indicators further corroborate the bullish sentiment in the market. The Bitcoin 14-day Relative Strength Index (RSI) on January 22, 2025, at 10:00 AM UTC, stood at 68, indicating strong buying pressure without yet reaching overbought territory (source: TradingView, January 22, 2025). The Moving Average Convergence Divergence (MACD) for BTC/USD showed a bullish crossover on the same day, reinforcing the positive momentum (source: TradingView, January 22, 2025). Ethereum's 14-day RSI on January 22, 2025, at 10:00 AM UTC, was at 65, also reflecting strong buying interest (source: TradingView, January 22, 2025). The MACD for ETH/USD also indicated a bullish trend with a crossover on the same day (source: TradingView, January 22, 2025). On-chain metrics further support this analysis, with the BTC 24-hour active addresses reaching 950,000 on January 22, 2025, a significant increase from the previous day's 880,000 (source: Glassnode, January 22, 2025). For Ethereum, the 24-hour active addresses were at 520,000, up from 490,000 the day before (source: Glassnode, January 22, 2025). These metrics, combined with the ETF inflows and technical indicators, suggest a robust market environment for both Bitcoin and Ethereum, with traders likely to continue benefiting from the current trends.