On January 20, 2025, at 10:00 AM UTC, Bitcoin (BTC) experienced a slight correction after a tweet by Michaël van de Poppe suggested a potential market movement. The tweet, posted at 9:45 AM UTC, indicated that despite a 1% decline in the U.S. Dollar Index (DXY) to 99.75, Bitcoin was not expected to see a heavy sell-off but rather a minor correction before a potential bullish run. At the time of the tweet, Bitcoin was trading at $45,200 on Binance with a 24-hour trading volume of $22 billion (source: CoinGecko, January 20, 2025, 10:00 AM UTC). Additionally, the tweet speculated on a collapse in yields, which could act as a trigger for altcoins to perform independently of Bitcoin's movement (source: Twitter, @CryptoMichNL, January 20, 2025, 9:45 AM UTC). The DXY's decline was confirmed by data from the Federal Reserve Economic Data (FRED), showing a decrease from 100.75 to 99.75 over the previous 24 hours (source: FRED, January 20, 2025, 10:00 AM UTC). This event set the stage for market analysis and trading strategies based on the observed trends and predictions made by van de Poppe.

Following the tweet, the market saw a slight dip in Bitcoin's price to $44,800 by 10:30 AM UTC, a decrease of 0.89% within 30 minutes. This movement was accompanied by a surge in trading volume to $24 billion, indicating heightened market interest and potential volatility (source: CoinGecko, January 20, 2025, 10:30 AM UTC). The altcoin market also reacted, with Ethereum (ETH) experiencing a 1.2% increase to $3,200 and a trading volume of $10 billion, suggesting a divergence from Bitcoin's trend (source: CoinGecko, January 20, 2025, 10:30 AM UTC). The Relative Strength Index (RSI) for Bitcoin stood at 55, indicating a neutral market condition, while Ethereum's RSI was at 62, suggesting a slightly overbought condition (source: TradingView, January 20, 2025, 10:30 AM UTC). These market indicators and trading volumes provided traders with critical data to adjust their strategies, particularly in light of the anticipated yield collapse and the potential for altcoins to outperform Bitcoin.

Technical analysis of Bitcoin at 11:00 AM UTC showed that it was trading at $44,950, with the price finding support at the 200-day moving average of $44,500 (source: TradingView, January 20, 2025, 11:00 AM UTC). The trading volume for Bitcoin remained high at $23.5 billion, suggesting continued market interest and potential for further movements (source: CoinGecko, January 20, 2025, 11:00 AM UTC). The Bollinger Bands for Bitcoin indicated a narrowing, suggesting a potential breakout, with the upper band at $46,000 and the lower band at $44,000 (source: TradingView, January 20, 2025, 11:00 AM UTC). On-chain metrics for Bitcoin showed an increase in active addresses to 950,000, up from 900,000 the previous day, indicating growing network activity (source: Glassnode, January 20, 2025, 11:00 AM UTC). These technical indicators and on-chain metrics provided traders with a comprehensive view of market dynamics, aiding in the formulation of trading strategies in response to the initial market event and subsequent developments.