K33 Research "Expects Bearish ETH Futures"
![K33 Research "Expects Bearish ETH Futures"](/content/images/size/w1200/2024/01/F0cD3rDWwAAk9Af.jpg)
According to The Block, crypto research firm K33 Research is predicting bearishness in the Ethereum (ETH) futures market. "Bearish sentiment is being amplified by below-average perpetual futures funding costs, a 5% increase in open interest, and options traders paying premiums for shorter-dated puts," the report said. "ETH futures have traded at a lower premium to BTC futures in recent weeks, and the gap widened last week. This is somewhat unusual given that an Ethereum futures ETF is expected to launch in October."