Polymarket Announces Perpetual Futures Ahead of Kalshi's Crypto Launch

The news of Polymarket launching perpetual futures is creating a positive signal in the crypto market. Technical indicators also support this view: the RSI is at 53.8, indicating a neutral zone, the MACD line is above the signal line, and the price is above both the 20-day and 50-day moving averages. An upward movement can be expected in the short term, but volume and overall market conditions should be monitored closely.

While the news that Polymarket has announced perpetual futures could increase competition in the crypto derivatives market, its direct impact on the BTC price may remain limited in the short term. Technical indicators show the RSI at 54, in neutral territory; the MACD is positive but close to the signal line; and the SMA20 and SMA50 are trading near each other. This suggests the market is awaiting additional catalysts to determine direction. The news could boost institutional interest in the long term, but it does not constitute a strong signal to push the price up or down in the short term.

ETH is trading at $2,327, down 1.7% in the past 24 hours. The RSI stands at 45.6, indicating neutral territory, while the MACD is above the signal line but negative, suggesting weak bullish momentum. The price is hovering near the 20-day SMA ($2,327) but remains below the 50-day SMA ($2,359), creating short-term resistance. Although Polymarket's announcement of perpetual futures reflects growing institutional interest in the crypto market, ETH's current technical structure does not provide sufficient signals to determine a clear direction. Therefore, a sideways movement is expected in the short term.