Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Bitcoin (BTC) surged 9.7% from Oct. 27 to Oct. 29, reaching a peak of $73,575, before paring gains to retest the $71,500 level on Oct. 30. Despite Bitcoin’s price correction, several indicators—including derivatives market activity, onchain metrics, and stablecoin demand—suggest a solid foundation for a sustained rally above $73,000 in the near term.
But, the Bitcoin futures premium—a key gauge of leveraged demand—signals strong conviction from bullish investors.
Bitcoin 2-month futures premium. Source: laevitas.ch
