On January 7, 2025, Bitcoin reclaimed the $100,000 mark, signaling a robust start to the year (@intotheblock). This price point was last seen on December 29, 2024, when Bitcoin closed at $99,850 (@coindesk). The surge in Bitcoin's price was accompanied by a significant trading volume increase, with over $50 billion traded on January 6, 2025, compared to an average of $30 billion in the preceding week (@coinmarketcap).

The trading implications of Bitcoin's surge to $100,000 are significant. With less than 1% of Bitcoin holders, approximately 380,000 addresses, still at a loss, market sentiment remains overwhelmingly bullish (@intotheblock). This low percentage of holders at a loss suggests that the market is not overbought, potentially indicating room for further price increases. Additionally, the Bitcoin-to-Ethereum trading pair saw a 5% increase in volume on January 7, 2025, reflecting heightened interest in both major cryptocurrencies (@binance).

Technical indicators further support the bullish outlook for Bitcoin. On January 7, 2025, the Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the market is not yet in overbought territory (@tradingview). The 50-day moving average crossed above the 200-day moving average on January 5, 2025, signaling a 'golden cross' and reinforcing the bullish trend (@coinbase). Moreover, on-chain metrics reveal that the number of active addresses increased by 10% from January 1 to January 7, 2025, suggesting growing network activity and investor interest (@glassnode).