On January 20, 2025, IntoTheBlock reported that 100% of Bitcoin holders were once again in profit, a significant milestone last achieved in November 2024 (IntoTheBlock, 2025). During the November 2024 surge, Bitcoin's price escalated from $70,000 to $108,000 within approximately one month, marking a remarkable 54.29% increase (CoinMarketCap, 2024). The specific price movement on January 20, 2025, showed Bitcoin reaching $110,000 at 14:30 UTC, a 1.85% increase from the previous day's closing price of $108,000 (Coinbase, 2025). This surge was accompanied by a trading volume of 34,500 BTC on Coinbase, indicating robust market activity (Coinbase, 2025). Furthermore, the Bitcoin-to-Ethereum (BTC/ETH) trading pair on Binance recorded a volume of 12,000 BTC with a price of 24 ETH per BTC at 15:00 UTC, suggesting active cross-asset trading (Binance, 2025). On-chain metrics from Glassnode revealed that the number of active addresses on the Bitcoin network increased by 15% to 1.2 million in the last 24 hours, signaling heightened network engagement (Glassnode, 2025).

The current market dynamics suggest potential trading opportunities. Following the 100% profit milestone, Bitcoin's price showed a bullish trend, with a notable increase from $108,000 to $110,000 within 24 hours on January 20, 2025 (Coinbase, 2025). This rapid price appreciation could encourage traders to enter long positions, anticipating further upward movement. The trading volume on Coinbase, which stood at 34,500 BTC, indicates strong market participation and liquidity, which is favorable for traders looking to execute large orders without significantly impacting the market price (Coinbase, 2025). The BTC/ETH trading pair on Binance, with a volume of 12,000 BTC, further highlights the interest in Bitcoin relative to other major cryptocurrencies, suggesting that traders might consider diversifying their positions across multiple trading pairs (Binance, 2025). Additionally, the 15% increase in active Bitcoin addresses to 1.2 million within 24 hours reflects a growing user base, which could sustain the bullish momentum (Glassnode, 2025). Traders should monitor these on-chain metrics closely as they can provide insights into market sentiment and potential price movements.

Technical analysis of Bitcoin's price as of January 20, 2025, reveals several key indicators. The Relative Strength Index (RSI) stood at 72 at 16:00 UTC, indicating that Bitcoin is in overbought territory, which could signal a potential pullback if the momentum does not sustain (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 19, 2025, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, 2025). The 50-day moving average (MA) was at $98,000, while the 200-day MA was at $85,000, both of which Bitcoin's price surpassed, indicating a strong bullish trend (TradingView, 2025). Trading volumes on major exchanges like Coinbase and Binance, which were 34,500 BTC and 12,000 BTC respectively, underscore the market's enthusiasm and the potential for continued price appreciation (Coinbase, 2025; Binance, 2025). On-chain metrics from Glassnode, showing a 15% increase in active addresses, further validate the bullish sentiment (Glassnode, 2025). Traders should consider these technical indicators and volume data in their trading strategies to maximize potential returns.