BTC This is exactly what you want to see during a pump like this. Today’s move to the upside has been very well supported by spot buying, with Spot CVD rising sharply alongside price. Meanwhile, open interest has remained relatively flat, suggesting that leverage hasn’t been building excessively during the move. That makes the current push seem much more convincing to me, especially after BTC reclaimed the range lows earlier today. If spot demand remains strong while leverage stays relatively contained, it further supports my idea of BTC extending higher from here.