Expiry week in the futures market

March contracts in the futures market are expiring this week, seeing the premiums drifting towards spot prices.
Source: CME, Bitmex, Deribit, FTX, Kraken

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.

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