Average funding rate for perpetual futures contracts in bitcoin remains positive, but the largest token by market capitalization is on track for its biggest weekly drop since early November as investors react to recent news from Silvergate and Silicon Valley Bank. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.
A Glassnode chart shows bitcoin's (BTC) current "contango" term structure, a condition that exists when the price of bitcoin futures exceeds the price of bitcoin in spot markets. Plus, insights on bullish signals from bitcoin's current funding rate. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."