Kalshi and Polymarket Reveal Plans for Perpetual Futures

The transition of Kalshi and Polymarket to continuous futures may increase liquidity in Bitcoin’s futures markets. This could slightly lift short‑term buying pressure. However, current technical indicators show the price trading below short‑term averages and the RSI at a neutral level, suggesting only limited upward pressure on the market. In the near term, a breakout above the $77,500 level is possible, but a significant move is not expected.

The introduction of perpetual futures by Kalshi and Polymarket is expected to increase liquidity and demand for ETH. However, current technical indicators suggest the trend has not yet solidified. The RSI stands at 47, and the MACD is negative but close to its signal line, creating short‑term uncertainty. Consequently, a modest upward pressure in the market can be anticipated, but a significant move is unlikely.

Kalshi and Polymarket’s statements regarding perpetual futures could generate increased interest in the crypto derivatives market. However, Coinbase (COIN) is trading below its 20‑day and 50‑day simple moving averages, and its MACD indicator is in negative territory. Consequently, a definitive short‑term trend is hard to discern; a modest bullish bias may materialize, but risks persist.

PERP’s price remains well below its 20‑ and 50‑day moving averages, signalling short‑term downward pressure. A 24‑hour gain of 2.75% and an RSI near 38 indicate the asset is not in an oversold zone. Consequently, the news’ impact may be limited in the short term, and the price is likely to continue its current downtrend. However, if the new platforms gain popularity, demand for PERP could rise, nudging the price slightly higher.