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 13th Feb, 11:59 PM IST.
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CRYPTO NEWS
- On 14th February, the global crypto market cap was $3.22T, a 1.47% increase over the last day.The total crypto market volume over the last 24 hours is $95.42B, which makes a 28.40% decrease. Bitcoin’s dominance is currently 59.65%, a decrease of 0.26% over the day. (Source: Coinmarketcap)
- Bitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days. Ethereum (ETH) and Ripple (XRP) prices stood relatively stronger and have gained nearly 3% and 7%, respectively, this week. (Source: fxstreet.com)
- On February 12, 2025, U.S. CPI rose 0.5% in January, exceeding expectations and signaling persistent inflation. Core inflation hit 3.3% YoY, driven by rising costs in shelter, insurance, medical care, and airline fares. Stock futures dropped, with Dow futures down nearly 400 points over Fed rate cut concerns. Bitcoin fell sharply after the report, while Treasury yields spiked as markets adjusted to the prospect of prolonged high interest rates. Economists warn that tariffs and wage pressures may keep inflation elevated, complicating Fed policy. (Source: Investing.com)
- Federal Reserve Chair Jerome Powell confirmed that the U.S. will not launch a digital dollar (CBDC) under his leadership. He emphasized that any such move would require clear authorization from Congress. Powell’s stance aligns with concerns over privacy, government control, and financial stability, keeping the U.S. cautious about adopting a central bank digital currency. (Source Bitcoin.comNews)
- Goldman Sachs holds $1.57B in Bitcoin ETFs, mainly in BlackRock’s IBIT ($1.27B) and Fidelity’s FBTC ($288M). As of Feb 12, 2025, Bitcoin ETFs hold $111.78B, or 5.92% of BTC’s market cap. Bitcoin ETFs saw $65.76M in outflows, while Ethereum ETFs had $12.58M in inflows, led by BlackRock’s ETHA. (Source: cnn.com)
- The U.S. SEC has acknowledged Grayscale’s filings for XRP and Dogecoin ETFs, marking the initial step in the approval process. This follows the recent approval of spot Bitcoin ETFs, signaling growing institutional interest in crypto ETFs. However, acknowledgment does not guarantee approval, as the SEC will now review the proposals. (Source: Cointelegraph)
- Cboe BZX Exchange filed proposed rule change forms to list and trade shares of spot Solana ETFs from would-be issuers 21Shares, Bitwise, VanEck and Canary. Franklin Templeton also appears to be poised to join the Solana ETF fray after the firm filed documents in Delaware to register the Franklin Solana Trust. (Source: The Block)
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 0.73 suggests a bearish sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
There is significant call writing at the 2,900 level. The PCR of 1.08 suggests a tough fight between bulls and bears. There is no clear direction as per the OI data.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- On Monday in Call Ratio Spread we booked a profit of $25 on a margin of $110. Tuesday because of the sideways market we lost $15 in Call Ratio Spread.
- The Modified Ratio Spread in Call deployed on Wednesday, was able to deliver a profit of $25, and Bear Put Spread suggested on Thursday closed with a profit of $63 which is 90% profit on margin.
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UPDATES FROM THE DELTA EXCHANGE TEAM
Last week, the Delta Exchange team had an exciting presence at BotSummit in Mumbai. We had a great time engaging with traders, listening to their experiences and sharing insights on the Crypto Derivatives markets.
The Delta Exchange will be setting up booths at Traders Mela in Goa on 22nd and 23rd February (Sat & Sun) and at Malabar’s Biggest Traders Summit 2025 in Calicut (Kozhikode) on **2rd February (Sat) **
Traders Mela Goa:
Venue: Resort Rio, Arpora, Goa
Date: 22-23 Feb, 2025
Time: 9:00 AM to 7:00 PM on Sat and 9:00 AM to 4:00 PM on Sun
Malabar’s Biggest Traders Summit 2025
Venue: Calicut Trade Centre, Kozikode
Date: 23 Feb, 2025
Time: 9:00 AM to 6:00 PM in Sun
This is a fantastic opportunity to connect with us and explore our innovative product offerings that can enrich your trading experience. Visit our stall to learn more about our platform, features, and the unique solutions we bring to the table for traders like you.
Mark your calendars and drop by to discover why Delta Exchange is the ultimate choice for Crypto F&O. See you at Goa and Kozikode!
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.