We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.
WEEKLY SNAPSHOT
Note: Last Price mentioned above are as observed on 2nd Jan, 11:59 PM IST.
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CRYPTO NEWS
- On 3rd January, ,the global crypto market cap was $3.39T, a 0.75% increase over the last day. The total crypto market volume over the last 24 hours was $116.89B, which makes a 12.30% increase. Bitcoin’s dominance is currently 56.27%, an increase of 0.00% over the day. (Source: Coinmarketcap.com)
- Bitcoin (BTC), currently trading around $96,307, began the new year with modest gains, reflecting caution from both bulls and bears as they await clearer market direction. With the holiday season ending, market volatility is expected to rise in the coming days as traders and investors re-engage. Analysts are bullish on Bitcoin, but Markus Thielen of 10x Research believes Ether (ETH) will struggle to rally in 2025, underperforming Bitcoin. (Source: Cointelegraph)
- BlackRock’s iShares Bitcoin Trust saw a record $332.6 million outflow on January 2, continuing a trend of outflows in recent days. Despite this, it was the third-largest ETF for inflows in 2024, with $37.2 billion. Other Bitcoin ETFs like Bitwise and Fidelity saw inflows. Predictions for 2025 include new Bitcoin and Ether ETF launches. (Source: Cointelegraph)
- On December 2, nine spot Ether ETFs saw $77.51 million in outflows, with Bitwise’s ETHW and Grayscale’s ETHE leading the losses. Ethereum (ETH) itself rose 1.7%, trading at $3,458. Predictions for 2025 include combined BTC and ETH ETFs, options for ETH ETFs, and a spot Solana ETF. (Source:crypto.news)
- Morgan Stanley plans to launch crypto trading on E-Trade, starting with Bitcoin and Ethereum, pending Federal Reserve approval. This move aligns with the Trump administration’s pro-crypto reforms and positions E-Trade to challenge Coinbase in the retail crypto market. (source: crypto.news)
- On Thursday, Elon Musk changed his name on X (formerly Twitter) to “Kekius Maximus,” causing a surge in the value of the Kekius Maximus Crypto token (KEKIUS). However, the token quickly dropped by over 120% after Musk reverted to his original name and avatar. The brief excitement saw the token’s value soar by over 500% at its peak. (Source: Mint)
- MicroStrategy’s stock has fallen 45% since November, despite buying more Bitcoin. It holds 446,400 BTC, valued at $43 billion, but its stock trades at a premium to its Bitcoin holdings. While its stock surged 334% in 2024, concerns over its leveraged Bitcoin strategy have grown. Despite being added to the Nasdaq-100, its stock has dropped alongside Bitcoin’s price. (Source: decrypt)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
The Open Interest (OI) concentration is skewed towards the extremes, with notable Put writing at 83,000 and Call writing 110,000 onward. The Put-Call Ratio (PCR) of 0.7 suggests a neutrality for the coming week.
OI Analytics for the upcoming week: ETHUSD
There is notable Call writing at 4,000 and Put writing at 3,200. The PCR of 0.58 slightly bearish sentiment for the coming week.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- The 0DTE Short Strangle suggested on Friday and Monday resulted in losses of $200 and $142, respectively. The markets have been quite volatile and unpredictable over these days.
- However, the Short Strangle recommended on Wednesday generated a net profit of $140. The Ratio Spread on Thursday was able to achieve a profit of $200, which was near its maximum profit potential on a margin of $1000.
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FEATURE SPOTLIGHT
Trading Bot - For API / Algo Traders
Introducing a game-changing feature for traders to automate their crypto derivatives trading strategies on Delta Exchange using TradingView webhooks.
The Trading Bot offers 24/7 automation, ensuring you never miss trading opportunities in the always-active crypto market. With real-time execution through webhook integration, it eliminates delays and enhances strategy effectiveness.
How does it work ?
- On the Delta Exchange Platform, click on Algo, then select trading bot
- Set Up a Webhook: Create a webhook in your account to connect your trading strategy.
- Attach to Your Strategy: Link this webhook to your trading strategy on platforms like TradingView. This integration enables the platform to send real-time trade alerts.
- Receive Trade Alerts: Once your strategy triggers a buy or sell signal, we’ll receive an alert.
- Execute Trades Automatically: Upon receiving the alert, we will immediately execute the trade on your account.
Check out our YouTube video on this feature.
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If you need any assistance or have any questions, our dedicated customer support team is here to help you, please write to us here.
Happy Trading!
Delta Exchange Team