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 16th Jan, 11:59 PM IST.
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CRYPTO NEWS
- On 17th January, bitcoin surged to $102K before stabilizing at $101K, while Ethereum is trading at $3,363 amid anticipation of a $639 million options expiry. Altcoins are also experiencing significant gains, with HBAR and Fartcoin both up 20%, XRP rising 10%, and SOL increasing by 5%. The overall crypto market cap has now surpassed $3.56 trillion, overtaking Apple’s $3.5 trillion valuation. Market optimism is being fueled by expectations of pro-crypto policies under a potential Trump administration, further boosting investor confidence. (Source: Coingape)
- On January 14, 2025, Bitcoin remained around $96,500 after US December PPI data showed slower inflation. The PPI rose 0.2%, below expectations, reflecting decelerating price growth. (Source: Crypto Slate)
- On January 15, 2025, Bitcoin surpassed $100,000 again, boosted by positive CPI data and regulatory news. The CPI report hinted at potential interest rate cuts, while reports suggested the SEC might overhaul crypto policies and pause enforcement actions, fueling optimism in the crypto market. (Source: Investopedia)
- Bitcoin ETFs saw a significant reversal on January 15, with $755 million inflowing after four days of consecutive outflows totaling $1.22 billion. This surge was attributed to a lower-than-expected CPI report and speculation about potential crypto policy changes. Ether ETFs also saw a positive trend, with $59.78 million in inflows, recovering from a previous four-day outflow. (Source: news.bitcoin.com)
- Bitcoin outperformed all other asset classes in 2024, according to NYDIG. Despite a volatile year, Bitcoin’s strong performance stood out as correlations with traditional markets dropped in Q4. The asset’s remarkable resilience and growth led to it surpassing other investments. Factors like market shifts and its decentralized nature contributed to Bitcoin’s success. (Source: decrypt)
- President-elect Donald Trump plans to issue an executive order designating cryptocurrency as a national priority. This directive aims to enhance collaboration between the government and the crypto industry, including the establishment of a crypto advisory council to represent industry interests. Additionally, the order may direct federal agencies to review and potentially pause ongoing litigation involving crypto companies. The administration is also considering creating a national Bitcoin reserve, consolidating the government’s existing holdings of the cryptocurrency.(Source: bloomberg)
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 96,000 and Call writing 110,000 onwards.The Put-Call Ratio (PCR) of 1.11 suggests a slightly bullish to neutral tone for the coming week.
OI Analytics for the upcoming week: ETHUSD
There is notable Call writing at 3,600 onwards and Put writing at 3,200 is evident. The PCR of 0.38 indicates the interest of option writers towards the call side .
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- On Monday Bitcoin started trending and eventually we booked Short Strangle in a loss of $105 while we were able to book $205 on Tuesday with the help of Long Butterfly on a margin of $600.
- On Wednesday Short Strangle delivered us a profit of $160 while on Thursday we booked a loss of $95.
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FEATURE SPOTLIGHT
BRACKET ORDER
Now, you don’t need to set Stop Loss (SL) and Take Profit (TP) separately. With Bracket Order, you can do it all in just one step!
How to Use Bracket Order?
- Log in to Your Delta Account.
- Go to the Trade Section.
- Select BTC (or any asset) and Set Your Limit Order.
- Find the “Bracket Order” Option Below.
- Set Your Target Price and Stop Loss Price.
- Your Bracket Order is placed.
Key features of Bracket Order is the One-Cancels-the-Other (OCO) Mechanism:
- If either the Target or Stop-Loss is hit, the other order gets canceled automatically.
- Prevents accidental conflicting open orders.
Watch our detailed 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