Central Bank Rate Expectations https://image.nostr.build/806ff5a4b8e08ae79030c9aec3493f9c49587d9dc0510584af29368d90b5ece8.jpg  

 FWD: Josh Lim -- Observation on today's spot sell-off vs Mar 20:

Forward curve getting compressed now vs widening on Mar 20. also call skew getting bid up now vs higher strikes crushed on Mar 20

Speaks to cleaner market positioning and more gross derisking vs just spot selling from etf outflows https://image.nostr.build/e2cb3be19a9c7996154846187945fc1cb101925897b464e259270d68942e96fd.jpg  

 #BTC  basis spread declines across all maturities this week, with later maturities at 16.6%-19.8%. Recovery from Wednesday's lows is notable. Mar & Apr maturities dip as market maker hedging demand falls, shifting from derivatives to spot liquidity. #MarketTrends #Futures https://image.nostr.build/207691e126f85977af1762b677753c41f72eedd8eba75f87d5fb6d461ea79d22.jpg