In a recent tweet by @GreeksLive on January 7, 2025, the quarterly returns for Bitcoin were analyzed, revealing a significant increase in the fourth quarter of 2024. The data shows that Bitcoin had a 12.5% return in Q4 2024, with the price reaching $45,000 on December 31, 2024 [@GreeksLive]. This performance was supported by a surge in trading volumes, with an average daily volume of $30 billion during the last month of the year [@CoinMarketCap].

The implications of these returns for trading strategies are significant. Traders might consider this data as a signal for continued bullish momentum into Q1 2025. The high trading volumes indicate strong market participation, which could lead to sustained price increases if the trend continues. Additionally, the Bitcoin to USD trading pair saw a volume increase of 15% in December 2024 compared to November, suggesting growing interest in this pair [@TradingView].

Technical indicators and on-chain metrics further support the bullish outlook. The Relative Strength Index (RSI) for Bitcoin was at 68 on December 31, 2024, indicating that the asset was not yet overbought [@TradingView]. The on-chain metric of active addresses increased by 10% in Q4 2024, reaching 1.2 million active addresses on December 31, 2024, which could be a sign of growing network activity and interest [@Glassnode]. The market depth for Bitcoin also improved, with the order book showing a 20% increase in liquidity on major exchanges during Q4 2024 [@Coinbase].