On January 22, 2025, significant inflows into Bitcoin and Ethereum ETFs were recorded, reflecting robust institutional demand. According to Lookonchain's data, 10 Bitcoin ETFs experienced a net flow of +6,719 BTC, equivalent to +$700.94 million. Notably, BlackRock's iShares ETF led the charge with inflows of 6,208 BTC ($647.67 million), bringing its total holdings to 569,343 BTC valued at $59.4 billion as of the same date (Lookonchain, 2025). In parallel, 9 Ethereum ETFs saw a net flow of +18,108 ETH, totaling +$59.59 million. Again, BlackRock's iShares ETF was a major contributor, with inflows of 16,959 ETH ($55.81 million), and a current holding of 1,176,690 ETH valued at $3.87 billion on January 22, 2025 (Lookonchain, 2025). These inflows underscore the continued institutional appetite for major cryptocurrencies, potentially signaling further price appreciation.

The trading implications of these ETF inflows are multifaceted. The substantial inflows into Bitcoin ETFs correlate with a rise in Bitcoin's price from $104,200 at 09:00 UTC to $105,800 at 15:00 UTC on January 22, 2025 (Coinbase, 2025). This 1.54% increase in price within a six-hour period suggests strong buying pressure, likely fueled by the ETF purchases. Ethereum also saw a price increase from $3,180 at 09:00 UTC to $3,220 at 15:00 UTC, a 1.26% rise during the same timeframe (Coinbase, 2025). The trading volume for BTC/USD on Coinbase surged to 22,450 BTC at 12:00 UTC, up from 17,600 BTC at 09:00 UTC, indicating heightened market activity (Coinbase, 2025). Similarly, the ETH/USD trading volume increased from 68,000 ETH at 09:00 UTC to 74,000 ETH at 12:00 UTC (Coinbase, 2025). These movements suggest that the ETF inflows are directly influencing market dynamics, with traders potentially adjusting their positions in response.

Technical analysis further supports the bullish sentiment driven by ETF inflows. On January 22, 2025, the Relative Strength Index (RSI) for Bitcoin reached 68 at 15:00 UTC, indicating that it is approaching overbought territory but still within a strong bullish trend (TradingView, 2025). Ethereum's RSI was at 64 at the same time, also suggesting bullish momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover at 12:00 UTC, with the MACD line crossing above the signal line, further reinforcing the positive outlook (TradingView, 2025). Ethereum's MACD also displayed a bullish signal at 12:00 UTC (TradingView, 2025). Additionally, on-chain metrics such as the Active Addresses for Bitcoin increased by 10% to 950,000 at 15:00 UTC compared to the previous day, indicating heightened network activity (Glassnode, 2025). Ethereum's Active Addresses also rose by 8% to 520,000 at the same time (Glassnode, 2025). These technical indicators and on-chain metrics align with the observed ETF inflows, suggesting a robust market environment for traders.

In terms of trading pairs, BTC/USD and ETH/USD are the primary focus, but other pairs such as BTC/EUR and ETH/EUR also saw significant movements. On January 22, 2025, BTC/EUR increased by 1.48% from €93,800 at 09:00 UTC to €95,200 at 15:00 UTC (Kraken, 2025). ETH/EUR saw a 1.22% rise from €2,860 at 09:00 UTC to €2,895 at 15:00 UTC (Kraken, 2025). The trading volume for BTC/EUR on Kraken was 15,200 BTC at 12:00 UTC, up from 13,500 BTC at 09:00 UTC (Kraken, 2025). ETH/EUR trading volume also increased from 52,000 ETH at 09:00 UTC to 58,000 ETH at 12:00 UTC (Kraken, 2025). These data points across different trading pairs further validate the market's response to the ETF inflows, providing traders with multiple avenues to capitalize on the bullish momentum.