Crypto analyst AxelAdlerJr said Bitcoin futures market buy pressure rose to 4.9, the highest level since August 19, while open interest increased by nearly 9,000 BTC over the past 24 hours. According to Odaily, the reading means buy pressure accumulated over the past 12 hours was nearly five standard deviations above the average level of the past week. AxelAdlerJr said the rally may continue if Bitcoin stays above $85,000 as upward momentum weakens, while a drop below $83,000 could accelerate liquidations of newly opened long positions.