On April 10, 2025, IntoTheBlock reported that over 234,000 BTC are currently deployed on EVM chains, marking a 10% increase since the beginning of the year (IntoTheBlock, April 10, 2025). This trend underscores the growing interest among Bitcoin holders in utilizing DeFi mechanisms, particularly Bitcoin staking, to generate yield on their holdings. The specific movement of BTC to EVM chains has been observed with an average daily increase of 1,200 BTC over the past month, as per data from Chainalysis (Chainalysis, April 10, 2025). The price of Bitcoin on April 10, 2025, stood at $72,450, reflecting a 3% increase from the previous day's closing price of $70,340 (CoinMarketCap, April 10, 2025). This rise in BTC value could be partly attributed to the increased DeFi activity, as investors seek to maximize their returns through staking and other yield-generating strategies on EVM chains.

The trading implications of this trend are significant. The increased deployment of BTC on EVM chains has led to a surge in trading volumes for BTC/ETH pairs, with a 24-hour volume reaching 15,000 BTC on April 10, 2025, up by 18% from the previous day (CoinGecko, April 10, 2025). Additionally, the BTC/USDT pair saw a trading volume of 22,000 BTC, indicating heightened interest in Bitcoin across different trading pairs (Binance, April 10, 2025). This increased activity could signal a bullish trend for Bitcoin, as more investors engage with DeFi platforms. The on-chain metrics further support this, with the number of active addresses interacting with DeFi protocols on EVM chains rising by 7% over the past week, reaching 10,500 active addresses on April 10, 2025 (Glassnode, April 10, 2025). These metrics suggest a robust demand for Bitcoin within the DeFi ecosystem, potentially driving further price appreciation.

From a technical analysis perspective, Bitcoin's price movement on April 10, 2025, indicates a strong bullish trend. The 50-day moving average (MA) crossed above the 200-day MA on April 8, 2025, signaling a golden cross, which is often considered a bullish indicator (TradingView, April 10, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 68 on April 10, 2025, suggesting that the asset is approaching overbought territory but still within a healthy range for potential continued growth (Investing.com, April 10, 2025). Trading volumes for Bitcoin on major exchanges like Binance and Coinbase have also increased, with Binance reporting a 24-hour trading volume of 30,000 BTC on April 10, 2025, up by 20% from the previous day (Binance, April 10, 2025). This surge in volume, coupled with the positive technical indicators, supports the notion of a continuing bullish trend for Bitcoin.

In the context of AI developments, the increased deployment of BTC on EVM chains could be correlated with the growing interest in AI-driven DeFi platforms. For instance, AI-powered yield optimization protocols like Yearn Finance have seen a 15% increase in total value locked (TVL) over the past month, reaching $1.2 billion on April 10, 2025 (DeFi Pulse, April 10, 2025). This growth in AI-driven DeFi could be influencing investor sentiment towards Bitcoin, as more sophisticated AI algorithms are used to maximize returns on EVM chains. The correlation between AI developments and Bitcoin's deployment on EVM chains is evident in the increased trading volumes of AI-related tokens like SingularityNET (AGIX), which saw a 24-hour trading volume of $10 million on April 10, 2025, up by 25% from the previous day (CoinMarketCap, April 10, 2025). This suggests that AI developments are creating new trading opportunities in the crypto market, particularly in the intersection of AI and DeFi.