$BTC 's spot premium is nearing its highest level since last summer's significant price range, but with the current price much higher than before.
The spot market needs to maintain its bidding pressure to sustain this trend. Compared to the last time $BTC traded at this price, the current market looks healthier.
A high spot premium can indicate buying pressure in the spot market, potentially driving prices up further. This, combined with the recent recovery in open interest on futures, suggests a positive outlook for $BTC.