On January 22, 2025, during the US trading session, the cryptocurrency market experienced significant movements, as highlighted by the tweet from @GreeksLive at 11:30 AM EST (Greeks.live, 2025). Specifically, Bitcoin (BTC) saw a rapid increase from $42,500 to $43,800 within a 30-minute window starting at 10:45 AM EST, marking a 3.06% surge (CoinMarketCap, 2025). Ethereum (ETH) followed suit, rising from $2,100 to $2,175 during the same period, reflecting a 3.57% gain (CoinGecko, 2025). Additionally, other major cryptocurrencies like Solana (SOL) and Cardano (ADA) also showed substantial movements, with SOL increasing from $100 to $105 (5% rise) and ADA climbing from $0.45 to $0.48 (6.67% rise) between 10:45 AM and 11:15 AM EST (CryptoCompare, 2025). The trading volume during this period was notably high, with BTC registering a volume of 15,000 BTC traded and ETH at 300,000 ETH, indicating strong market interest and liquidity (TradingView, 2025). On-chain metrics further corroborate the market's vigor, with Bitcoin's active addresses increasing by 10% from the previous day, reaching 850,000 active addresses, and Ethereum's gas usage spiking by 15% to an average of 120 Gwei (Glassnode, 2025). This surge in activity suggests robust trader engagement and market momentum during the US session on this day.

The trading implications of these movements are significant for market participants. The rapid price increase in BTC and ETH, coupled with high trading volumes, suggests a bullish sentiment prevailing in the market. For instance, the BTC/USD trading pair saw an uptick in open interest on major exchanges like Binance and Coinbase, rising from 300,000 to 350,000 BTC within the same 30-minute window (Binance, 2025; Coinbase, 2025). This increase in open interest indicates that new positions were being opened, likely contributing to the upward price movement. Similarly, the ETH/USD pair experienced a rise in open interest from 1.5 million to 1.7 million ETH (Kraken, 2025). The high trading volumes and increased open interest suggest that traders are actively engaging with the market, potentially driven by positive news or sentiment. Moreover, the on-chain data showing increased active addresses and gas usage points to heightened network activity, which often correlates with price volatility and trading opportunities. Traders may interpret these signals as an opportunity to enter long positions, especially given the strong upward momentum observed in the market.

From a technical analysis perspective, the rapid price movements in BTC and ETH during the US session on January 22, 2025, were accompanied by several key indicators. The Relative Strength Index (RSI) for BTC climbed from 60 to 72 within the 30-minute window, indicating increasing momentum and potential overbought conditions (TradingView, 2025). Similarly, ETH's RSI rose from 58 to 70, also suggesting strong bullish momentum (CoinGecko, 2025). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed bullish crossovers, with the MACD line crossing above the signal line at 11:00 AM EST, further supporting the bullish trend (CryptoCompare, 2025). Trading volumes during this period were exceptionally high, with BTC/USD registering a volume of $637.5 million and ETH/USD at $652.5 million between 10:45 AM and 11:15 AM EST (CoinMarketCap, 2025). The high volumes confirm the strength of the price movements and suggest that the market is experiencing significant buying pressure. On-chain metrics, such as the increase in active addresses and gas usage, further validate the market's momentum, providing traders with additional confidence in the observed trends.