Central Bank Rate Expectations 
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 
#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 
Deribit Exchange offering bitcoin vol futures (and hopefully options eventually) is the next step in a maturing bitcoin derivative market, and will open up new strategies and tools for both retail and institutional traders. Let’s GO! #futures #options #BTC #VIX #volatility