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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