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 9th Jan, 11:59 PM IST.
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CRYPTO NEWS
- On 4th Jan, BlackRock’s spot bitcoin ETF marked the first two-week streak of weekly net outflows BlackRock’s IBIT fund has seen its net asset value decline week-over-week for the past two (shortened) weeks, a first-of-its-kind streak for the market’s largest spot Bitcoin ETF. Overall, U.S.-based spot Bitcoin ETFs rebounded last week to log modest inflows, whereas spot Ethereum ETFs logged minor weekly net outflows. (Source: theblock.com)
- Crypto gaming and Layer 2 tokens lost 16% and 30% in 2024. Crypto markets experienced notable gains in 2024, with sectors like memecoins, AI tokens, and Layer 1 projects achieving significant value increases. Notably, the index excluded TON, a token that surged over 100% due to the rising popularity of Telegram-based crypto games. (Source: bitget.site)
- Global crypto investment products hit record $44 billion net inflows in 2024. Global crypto funds run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered a record $44.2 billion in net inflows last year — nearly four times the prior $10.5 billion annual peak in 2021. (Source: CoinShares)
- TD Cowen: Trump Administration to Ease Crypto-Banking Rules. According to a report by TD Cowen’s Washington Research Group, the upcoming administration under Donald Trump is expected to ease restrictions on banks dealing with cryptocurrency firms. The policy shift could create stronger ties between traditional financial institutions and the growing digital asset sector. However, they warned that regulatory compliance and risk management concerns may cause some banks to remain hesitant. (Source: crypto.news)
- Czech National Bank governor weighs Bitcoin for future reserve strategy. The governor of the Czech National Bank, Aleš Michl, recently considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, highlighting growing government interest in cryptocurrency as a savings technology. (Source:cointelegraph.com)
- Fidelity sees Solana as a ‘notable contender’ but backs Ethereum’s stronger fundamentals. Solana’s speed and low costs stand out, but Fidelity highlights its reliance on short-term trends like memecoin trading.Fidelity also expects bitcoin and other areas of crypto to perform well this year, noting it is “not too late” for investors to dive in. (Source: theblock.com)
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 85,000 and Call writing 108,000 onwards. The Put-Call Ratio (PCR) of 0.69 suggests a slightly bearish to neutral tone for the coming week.
OI Analytics for the upcoming week: ETHUSD
There is notable Call writing at 3,600 and Put writing at 3,250. The PCR of 0.64 indicates neutrality for the coming week.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- The 0DTE 1:2 ratio spread suggested on Friday was closed in a loss of $50 while Short Strangle deployed on Monday gave us a profit of $140 on a margin of $1100.
- On Tuesday the Ratio Spread suggested delivered us a profit of $245, while on Wednesday we booked a minor loss of $ 50.
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FEATURE SPOTLIGHT
POST
A post-only order is a type of order used in trading, particularly in financial markets and cryptocurrency exchanges. The primary characteristic of a post-only order is that it can only be added to the order book and will not match with an existing order in the market.
Here’s how it works:
- Order Book Only: When you place a post-only order, it will only be executed if it does not match any existing order at the time of placement. If there is already a matching order, your post-only order will remain on the order book as a limit order, waiting for another party to match it.
- Prevents Taker Fees: This type of order ensures that you are a “maker” of the market, meaning you are adding liquidity. This is important because many exchanges charge lower fees for makers compared to “takers,” who remove liquidity from the order book by matching an existing order.
In summary, post-only orders are designed to ensure that the order will not be executed immediately, allowing you to be the one to provide liquidity to the market rather than matching with an already existing order.
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