K33 Research "Expects Bearish ETH Futures"
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."