BTC This is exactly what you want to see during a pump like this. Price has broken above the range highs with a lot of momentum. This move was supported by aggressive spot buying as well as shorts getting squeezed out of the market. At the same time, open interest has remained relatively flat, suggesting that we haven’t seen any significant build-up in leverage during this move. This therefore currently looks like a very healthy pump. If buyers continue showing this kind of strength, I believe the move could extend toward $87K.