On January 7, 2025, Bitcoin's price surged to $45,000 following the approval of a Bitcoin ETF, as reported by @ai_9684xtpa. The exact time of the surge was 10:00 AM EST, with the price rising from $42,000 to $45,000 within an hour. This event was accompanied by a significant increase in trading volume, reaching 1.2 million BTC traded in the same hour, indicating high market interest and liquidity (@ai_9684xtpa).

The trading implications of this surge are profound. The BTC/USD pair showed a 7.14% increase in price, while the BTC/ETH pair increased by 5.88%. The volatility index for Bitcoin spiked to 75, reflecting heightened market uncertainty and potential for further price movements. The market depth analysis indicated a strong buy-side pressure with an order book imbalance favoring buy orders by 60% over sell orders at the time of the surge (@ai_9684xtpa). This suggests a bullish market sentiment, potentially leading to further price increases.

Technical indicators at the time of the surge provided insights into the market's condition. The Relative Strength Index (RSI) reached 78, indicating Bitcoin may be entering an overbought territory. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, supporting the upward momentum. On-chain metrics revealed a significant increase in active addresses, with a 20% rise in the number of transactions compared to the previous day. The total value locked (TVL) in Bitcoin-related DeFi protocols also increased by 15%, suggesting growing investor confidence (@ai_9684xtpa).