Skew data shows that Ethereum has observed a decline in "financing rates" on the three exchanges BitMEX, ByBit and Deribit. On Saturday, the spot price of Ethereum plummeted, and it fell by more than 9% in less than 6 hours, which caused the financing rate of the aforementioned exchanges to drop to a negative number. This decline may be due to the expiration of a large number of ETH futures contracts on BitMEX. As of March 28, a total of 15,000 ETH contracts have expired within two hours. ETH futures worth $ 2 million expire at BitMEX.