Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market.

bitcoinBitcoin
$ 77,401.00
$ 77,401.00
3.3%
ethereumEthereum
$ 2,427.61
$ 2,427.61
3.03%
tetherTether
$ 0.999877
$ 0.999877
0.02%
xrpXRP
$ 1.38
$ 1.38
4.65%
bnbBNB
$ 688.26
$ 688.26
3.06%
usd-coinUSDC
$ 0.999888
$ 0.999888
0.01%

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bitcoin
Bitcoin (BTC) $ 77,401.00
ethereum
Ethereum (ETH) $ 2,427.61
tether
Tether (USDT) $ 0.999877
xrp
XRP (XRP) $ 1.38
bnb
BNB (BNB) $ 688.26
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
usd-coin
USDC (USDC) $ 0.999888