After a surprise rally fueled by an update to Elon Musk’s Twitter biography, demand for Bitcoin (BTC) appears to be particularly strong in professional trading circles.

According to TradingView data, the ticker BTC1!, which represents CME’s Bitcoin futures contracts with the closest expiry — currently for February — is trading at over a 1% premium over spot BTC markets. This positive deviation in prices between a future and the underlying — which traders call “contango” —…

… Continue Reading at: cointelegraph.com [source]