Crypto Pulse Weekly #13

Crypto Markets Discussion
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We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.

WEEKLY SNAPSHOT

Weekly Snapshot
Weekly Snapshot1445×1210 67.7 KB

Note: Last Price mentioned above are as observed on 23rd Jan, 11:59 PM IST.

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CRYPTO NEWS

  1. On 24th January, the global crypto market cap was $3.64T, a 3.14% increase over the last day. The total crypto market volume over the last 24 hours is $207.58B, which makes a 40.93% increase. Bitcoin’s dominance is currently 57.41%, a decrease of 0.06% over the day. (Source: Coinmarketcap)
  2. Over the past week, the crypto market saw major developments. The Czech National Bank plans to add Bitcoin to its reserves, signaling growing institutional adoption. Ethereum surged past $4,100 but faced a sharp 30% retracement. Solana outperformed Ethereum in daily DEX volumes, processing $3.8 billion, while its TVL jumped significantly over the year. XRP saw a $1.5 billion increase in payment volume, and the CME announced upcoming futures contracts for XRP and Solana, reflecting growing market maturity. These events highlight the rapidly evolving crypto landscape. (Source: Cointribune)
  3. On January 17, 2025, Donald Trump launched the $TRUMP meme coin on the Solana network, which rapidly achieved a market capitalization of $14.5 billion within hours. On January 20, 2025, Melania Trump launched her own cryptocurrency, $Melania, coinciding with the eve of the presidential inauguration. On January 21, 2025, the $TRUMP and $MELANIA meme coins experienced a significant decline, losing over 50% of their value since their peak over the weekend. This sharp drop highlights the inherent volatility of meme coins, which can lead to substantial financial losses for investors.(Source: Forbes)
  4. On January 20, 2025, Bitcoin’s price surged to a new all-time high, briefly surpassing $109,000, ahead of President Donald Trump’s inauguration. This increase was attributed to market optimism regarding potential crypto-friendly policies from the incoming administration. However, traders expressed concern over the absence of a crypto-related executive order, which had been anticipated to provide clearer regulatory guidance for the cryptocurrency sector. (Source: Cointelegraph)
  5. Bitcoin and Ethereum ETFs have seen inflows exceeding $875 million, reflecting ongoing investor interest. BlackRock’s BTC and ETH funds have pulled in $64.58 billion, with its Bitcoin ETF leading with $661.86 million in inflows. U.S. spot Bitcoin ETFs hold 5.88% of BTC’s market cap, while Ethereum ETFs command 3.02% of ETH’s market cap. This surge highlights the continued bullish sentiment in the crypto market, despite previous concerns about funds like Grayscale seeing outflows. (Source: ccn.com)
  6. U.S. President Donald Trump signed an executive order on January 23 to establish a cryptocurrency working group aimed at evaluating the sector’s risks and opportunities. The group will focus on creating a national digital asset strategy and report on cryptocurrency’s role in economic security, regulation, and financial stability. This move signals greater governmental involvement in the crypto market. (Source: Reuters)

OPTIONS OI ANALYTICS FOR UPCOMING WEEK

OI Analytics for the upcoming week: BTCUSD
The Open Interest (OI) concentration is skewed towards the extremes, with higher concentration on the call side.The Put-Call Ratio (PCR) of 0.53 suggests a bearish sentiment for the coming week.

BTC OI
BTC OI1312×363 25.5 KB

OI Analytics for the upcoming week: ETHUSD
There is significant call writing at the 4,500 level. The PCR of 0.18 suggests a bearish outlook for the upcoming week, with option writers showing increased interest in the call side.

ETH OI
ETH OI1309×360 22.7 KB

FEATURE SPOTLIGHT

SUB-ACCOUNT

Sub-Account
Sub-Account1900×907 131 KB

Sub-Accounts help you organize your trading activities more efficiently. This feature allows you to manage multiple trading strategies, segregate portfolios, and streamline your trading operations like a pro.

How to Set Up Sub-Account:

  1. Log in to your Delta Exchange account and click on your profile.
  2. Select Sub-Account from the menu.
  3. Click on Create Sub-Account in the top-right corner.
  4. Enter a name for your Sub-Account.
  5. Click on Change Margin Mode and choose between Portfolio Margin or Isolated Margin for this account.
  6. Add an email ID to receive notifications related to this Sub-Account. (Optional)
  7. Click Confirm, and you’re all set!

Watch our detailed Youtube video on this feature.

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Delta Exchange Team