Breaking Down Bitcoin’s Bullish Sentiment

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Bitcoin's current term structure is in 'contango,' a condition that exists when the price of bitcoin futures exceeds the price of $BTC in spot markets, according to a Glassnode chart. 'Chart of The Day' explains the data, presented by cryptocom:

A Glassnode chart shows bitcoin's current "contango" term structure, a condition that exists when the price of bitcoin futures exceeds the price of bitcoin in spot markets.

 

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glassnode cryptocom

glassnode cryptocom 🚀

glassnode cryptocom what does this mean the price is going to in 1, 2, 8, 16 weeks?

glassnode cryptocom buy spot!

glassnode cryptocom Pump it.

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