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

bitcoinBitcoin
$ 82,026.00
$ 82,026.00
1.9%
ethereumEthereum
$ 2,435.63
$ 2,435.63
3.3%
tetherTether
$ 0.999318
$ 0.999318
0.01%
xrpXRP
$ 1.34
$ 1.34
2.61%
bnbBNB
$ 733.69
$ 733.69
1.45%
usd-coinUSDC
$ 0.999759
$ 0.999759
0.01%

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bitcoin
Bitcoin (BTC) $ 82,026.00
ethereum
Ethereum (ETH) $ 2,435.63
tether
Tether (USDT) $ 0.999318
xrp
XRP (XRP) $ 1.34
bnb
BNB (BNB) $ 733.69
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
usd-coin
USDC (USDC) $ 0.999759