[Analysis: Bitcoin futures buying pressure rises to the highest since August 19, open interest increases by nearly 9,000 BTC in 24 hours] Crypto analyst @AxelAdlerJr stated that the buying pressure indicator in the Bitcoin futures market has risen to 4.9, the highest since August 19. Open interest in contracts increased by nearly 9,000 BTC within 24 hours. This indicator reading suggests that the accumulated buying pressure over the past 12 hours is nearly five standard deviations higher than the average level of the past week. @AxelAdlerJr mentioned that if Bitcoin's price remains above $85,000 despite a weakening upward momentum, the rally is likely to continue; however, if the price falls below $83,000, the closing of newly established long positions could accelerate the decline.