According to Skew Δ on Twitter, Bitcoin ($BTC) demonstrated strong follow-through in price action today, underpinned by significant spot buying activity. Passive bids on Coinbase are pushing prices higher as buyers chase upward momentum, while taker bids on Binance spot are leading with aggressive market buying. Notably, algorithmic trading based on the monthly open in Binance perpetual futures has contributed to the move, with over 6,000 BTC in open interest added during this upward push. These factors suggest sustained bullish momentum and increased trading activity, signaling potential for further short-term price volatility (source: Skew Δ, Twitter, May 1, 2025).