Many signs are pointing to BTC hitting $70K in the near future, from technical market data to prediction market betting.Inflows into the U.S. BTC

Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $27,130.47 on Oct. 16, 2023. The original crypto is up by 139% year over year.

Data shows that the total number of Bitcoin futures contracts reached 566,270 on Oct. 15, the highest level since January 2023. In US dollar terms, the current open interest stands at $38 billion, just 2.5% below its all-time high from March 28, 2024. This marks a clear indication of increased demand for leverage using BTC derivatives.

Traditional stock markets often experience positive pre-holiday returns across multiple regions. ​​This analysis addresses Bitcoin’s response to global holidays. Does Bitcoin mimic traditional asset patterns,