The March contracts we have been following since November are about to expire. With the more cautious environment in the crypto market at the moment, premiums are dropping.

We even had a few March contracts in backwardation this morning, where the futures that expire on Friday traded at a lower price than spot.

The March contracts we have been following since November are about to expire. With the more cautious environment in the crypto market at the moment, premiums are dropping.

We even had a few March contracts in backwardation this morning, where the futures that expire on Friday traded at a lower price than spot.

With March coming to an end, the focus going forward will be the next quarterly contracts, the June expiry.

Retail-focused platforms are currently pricing June futures higher than institutional traders.