On January 6, 2025, @CCData_io reported that major corporate Bitcoin holders have significantly increased their investments in BTC. This move indicates a strong institutional confidence in Bitcoin's long-term value, with companies like MicroStrategy and Tesla doubling down on their Bitcoin holdings as of December 2024 (@CCData_io).

The Bitcoin network's transaction volume has surpassed $19 trillion in 2024, showcasing robust network activity and liquidity. This high transaction volume suggests a healthy demand for Bitcoin, with trading volumes on major exchanges like Binance and Coinbase showing a 25% increase in the last quarter of 2024 compared to the same period in 2023 (@CCData_io). The BTC/USD trading pair on Coinbase saw an average daily volume of $1.5 billion in December 2024, while the BTC/EUR pair on Kraken averaged $800 million daily (@CCData_io).

Coinbase's acquisition of a MiFID II license has allowed it to expand its operations in Europe. This strategic move is expected to increase trading volumes on the platform, as it now offers services in compliance with European regulations. On-chain metrics for Coinbase show a 15% increase in new user registrations from European countries in the first week of January 2025 compared to the previous month (@CCData_io). Technical indicators for BTC/USD on Coinbase indicate a bullish trend, with the Relative Strength Index (RSI) at 65 and the Moving Average Convergence Divergence (MACD) showing a positive crossover as of January 5, 2025 (@CCData_io).