@VetleLunde
Head of research at K33, a Nordic crypto broker. He writes its weekly Bitcoin report, Ahead of the Curve. In April he called $60,000 the likely low; Bitcoin fell to $58,566 on 1 July. On 2 June he warned of deeper lows, which came. On 15 September he said the upside outweighed the downside, and Bitcoin rose 10.8% in a week. On 22 September he restated his bullish view at $86,597, the highest daily mark in our window. Bitcoin is down 6.9% since.
In short. Vetle Lunde is head of research at K33 and posts on X as @VetleLunde. On our sample of five dated calls from his signed reports, the record is 2 played out, 1 open, 2 went against. The wins are the 2 June warning and the 15 September upside call. The misses are the April $60,000 floor and the 22 September bullish view, given at the top.
Lunde is head of research at K33, a crypto broker and research firm based in Norway. His X bio reads “Head of Research at @K33Research, @K33HQ”, and his X location is Norway. He has been on X since 2011.
A speaker page at The Do Lectures says he was a semi-professional road cyclist in his late teens, studied at the Norwegian School of Economics, and wrote his thesis on Bitcoin. It lists him as an analyst at Arcane Research.
Every call here comes from Ahead of the Curve, K33's weekly market report, which is signed by him. We read every signed issue from April to November 2026. We only used the free preview at the top of each report. The rest is paid. We did not use the Friday issues signed “K33 Research”.
Sources: k33.com/research (Ahead of the Curve, signed by Vetle Lunde) · x.com/VetleLunde
Positioning, flows and on-chain data. Lunde reads funding rates, futures open interest, ETF flows, options skew and how much supply sits at a loss. He leans against the crowd: when traders are short and nervous he turns bullish, and when leverage piles up he warns. He gives price zones and regimes more often than targets. His reports say “we”, for the K33 research team.
Bullish on Bitcoin in most reports we read, with warnings when leverage built up, as on 2 June. In August K33 said it “continues to favor a full allocation”. His X bio says he is “having a good time with my bitcoin and my crypto”.
Five dated calls from reports signed by Vetle Lunde, each quoted word for word from the free preview and charted against real price. The tally is 2 played out, 1 open, 2 went against.
“We therefore reiterate our bullish bias, supported by stronger momentum, reduced event uncertainty, improving structural demand, limited Strategy-related sell-side risk, modest leverage, and favorable seasonality into the quarter”
Said at $86,597, the highest daily mark in our window. Bitcoin has not closed higher since. It fell to $76,709 (−11.4%) on 3 November and is at $80,610 (−6.9%). The quarter he pointed to runs to the end of December, but the move so far is clearly against. Went against.
Source“We therefore reiterate our bullish bias” — Vetle Lunde, K33 Ahead of the Curve↗ k33.com“If either event lands better than expected, BTC has room to react sharply higher, while downside looks more contained.”
Said at $78,173, before a Clarity Act vote and a Fed decision. Bitcoin dipped to $75,590 (−3.3%) the next day, then rose to $86,597 (+10.8%) on 22 September, a week later. It is at $80,610 (+3.1%). The rise was sharp and the dip was small. Played out.
Source“BTC has room to react sharply higher, while downside looks more contained” — Vetle Lunde, K33↗ k33.com“K33 views January and October 2023 as the closest analogues and continues to favor a full allocation.”
Said at $78,974, after a 23% week. Bitcoin dipped to $75,590 (−4.3%) on 16 September, rose to $86,597 (+9.7%) on 22 September and is at $80,610 (+2.1%). The 2023 comparisons point to a long climb, and that has not happened yet. Open.
Source“K33 … continues to favor a full allocation” — Vetle Lunde, K33 Ahead of the Curve↗ k33.com“We read the latent selling pressure in those leveraged longs as a warning of possible deeper lows and advise caution, despite our earlier call that $60k was the bottom.”
Said at $71,320. Bitcoin fell to $58,566 (−17.9%) on 1 July, a new low for the year. It later rose to $86,597 (+21.4%) on 22 September and is at $80,610 (+13.0%). The deeper lows came, and the report admits the earlier $60,000 call in the same sentence. Played out.
Source“a warning of possible deeper lows” — Vetle Lunde, K33 Ahead of the Curve↗ k33.com“We continue to view $60k as the likely low for this drawdown and see higher highs as the more probable path ahead.”
Said at $75,858. Bitcoin's first daily mark under $60,000 was $59,727 on 26 June, and it fell to $58,566 (−22.8%) on 1 July. The floor broke, though only by about 2%. The higher highs came later: $86,597 (+14.2%) on 22 September. It is at $80,610 (+6.3%). Went against.
Source“We continue to view $60k as the likely low for this drawdown” — Vetle Lunde, K33↗ k33.comOutcomes are our read of the stated claim against real price, not the author's own scoring. Each quote is from the free preview of a signed K33 report, linked on its card. The reports are dated on Tuesdays; the K33 page shows the Monday. Text in the reports (“tomorrow's FOMC” on 15 September, “Today, the U.S. midterm elections” on 3 November) fits the Tuesday date, so we use it. Each call is measured from that day's midnight CoinGecko mark. The reports say “we”, meaning the K33 research team he leads. On 29 September he repeated the bullish view (“we see considerable upside asymmetry”) at $83,479; we charted it once, on 22 September. Reports that only described the market are not charted. A call with no deadline stays open until price settles it.
Lunde's posts on X are free. Here is how his research is paid for, and where his money sits.
The full Ahead of the Curve reports are paid. K33's pricing page lists K33 Research Pro at $300 a month, with a 30-day free trial. Only the preview at the top of each report is free, and that is all we quote.
K33 earns from crypto trading and brokerage. A bullish research desk helps a broker's business, so read the reports with that in mind.
In June 2025 K33 announced a share issue to buy up to 1,000 BTC for its own balance sheet, as reported by Bitcoin Magazine. Lunde's X bio also says he is “having a good time with my bitcoin and my crypto”. We did not find how much he holds.
“We continue to view $60k as the likely low for this drawdown”
21 Apr 2026 · went against“a warning of possible deeper lows and advise caution”
2 Jun 2026 · played out“BTC has room to react sharply higher, while downside looks more contained”
15 Sep 2026 · played outQuotes transcribed from his own public sources; stated views, not recommendations.
Lunde writes K33's weekly Ahead of the Curve report and posts charts from it on X. We found no YouTube channel of his own.
Head of research at K33, a crypto broker and research firm based in Norway. He writes K33's weekly Bitcoin report, Ahead of the Curve, and posts on X as @VetleLunde, with about 12,000 followers.
On our sample of five dated calls from his signed reports, April to September 2026: two played out, one is open, two went against. He warned of deeper lows on 2 June, before Bitcoin fell to $58,566. His April $60,000 floor broke, and he restated his bullish view on 22 September at $86,597, the highest daily mark in our window.
Partly. Each Ahead of the Curve report has a free preview. The full report is part of K33 Research Pro, listed at $300 a month.
A small fee that traders of perpetual futures pay each other. When it is negative, short sellers pay long holders, which shows most traders are betting on a fall. Lunde reads long runs of negative funding as a sign that a short squeeze could come.
Not publicly known, and no credible figure exists. Ignore any specific number you see attached to the name.
Lunde reads funding, flows and positioning. How close is your instinct? Measure it for real with a Trader Passport.
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Informational and educational analysis based strictly on publicly available materials: the free previews of dated K33 reports signed by Vetle Lunde and the sources linked on each call. Not financial or investment advice. Figures are approximate and change constantly. Spotted an error, or are you Vetle? Submit a correction →
Verified handles · Sources cited above · Scoring methodology · Updated 5 November 2026
