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 30th Jan, 11:59 PM IST.
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CRYPTO NEWS
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On 31st January, the global crypto market cap was $3.55T, a 0.33% decrease over the last day. The total crypto market volume over the last 24 hours is $100.44B, which makes a 23.31% decrease.Bitcoin’s dominance is currently 58.13%, a decrease of 0.35% over the day. (Source: Coinmarketcap)
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Bitcoin experienced a 2.7% increase, trading at $105,253, following the Federal Reserve’s decision to maintain interest rates between 4.25% and 4.5% and acknowledge persistent inflation. Despite the Fed’s typically negative impact on riskier assets like cryptocurrencies, investors remained optimistic, possibly influenced by President Donald Trump’s initiatives to promote the U.S. as a crypto hub. Other cryptocurrencies, such as XRP and Ether, also saw gains. (Source:Bloomberg)
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On January 30, 2025, U.S. Bitcoin exchange-traded funds (ETFs) experienced a substantial surge in inflows, totaling approximately $588 million—a 540% increase from the previous day. BlackRock’s iShares Bitcoin Trust (IBIT) led with $321.5 million in new investments, followed by Fidelity’s FBTC with $209.14 million. Other ETFs, including Bitwise’s BITB and ARK 21Shares’ ARKB, also saw notable inflows. Concurrently, Ether ETFs began to recover after a period of weak performance, indicating renewed investor interest in Ethereum-based investment products. (Source: Crypto.news)
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The U.S. SEC has approved Bitwise’s combined Bitcoin and Ethereum ETF, allowing investors to gain exposure to both cryptocurrencies through a single fund. This decision marks a significant step for crypto ETFs, providing a diversified option for institutional and retail investors. The approval reflects growing acceptance of crypto assets in traditional finance. However, the ETF’s launch and market impact will depend on further regulatory processes and investor interest.(Source: Theblock)
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Federal Reserve Chair Jerome Powell stated that banks can serve crypto customers as long as they manage associated risks properly. He emphasized that the Fed’s role is to oversee how banks interact with crypto, ensuring their operations remain safe. While banks face stricter requirements for crypto activities due to the asset class’s newness, many are already engaging securely. Powell clarified that the Fed is not against crypto innovation but aims to balance risk management with regulatory oversight to protect the broader financial system.(Source: coinpedia)
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 0.63 suggests a bearish sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
There is significant call writing at the 4,000 level. The PCR of 0.27 suggests a bearish outlook for the upcoming week, with option writers showing increased interest on the call side.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- On Monday in Bear Put Spread we booked a profit of $75 on a margin of $120. Tuesday because of the sideways market we lost $30 in Ratio Spread.
- Ratio Spread in Call deployed on Wednesday, was able to deliver a profit of $25 on a margin of $140 ,however, on Thursday we booked a loss of $23 in Bull Call Spread.
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Happy Trading!
Delta Exchange Team