$BTC increase begins, it can attract momentum traders and further buying, amplifying the upward movement.

* Short Squeezes: If a large number of traders have bet against #bitcoin (short positions), a sudden price increase can force them to buy back Bitcoin to cover their positions, further driving the price up.

Recent Context (as of April 22, 2025):

Based on the provided search results, $BTC has indeed experienced a notable pump recently. For example, one source indicates a 7.38% increase today and a 10.90% increase over the last 7 days. Another source shows a 3.01% increase in the last 24 hours and a 6.80% rise over the past week.

One of the search results (Decrypt) even mentions "Bitcoin Breaks $90K as Markets Steady Following [a public figure's] Federal Reserve Attacks," suggesting that statements from influential figures can sometimes impact market sentiment and price.

Furthermore, reports of increased accumulation by long-term Bitcoin holders suggest a belief in future price appreciation, reducing selling pressure and potentially contributing to the recent upward movement