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 6th Mar, 11:59 PM IST.
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CRYPTO NEWS
- On 7th March, the global crypto market cap was $2.92T, a 1.97% decrease over the last day. The total crypto market volume over the last 24 hours is $128.25B, which makes a 7.25% increase. Bitcoin’s dominance is currently 60.41%, an increase of 0.03% over the day. (Source: Coinmarketcap)
- On March 6, 2025, U.S. stocks dropped sharply after Trump confirmed 25% tariffs on Mexican and Canadian goods starting Tuesday, along with a 10% tariff on China. The S&P 500 saw its biggest one-day decline since December, falling 1.76%. The Dow Jones lost 1.48%, and the Nasdaq plunged 2.64%. The 10-year Treasury yield also fell to 4.161%. Also, Bitcoin dropped below $83K and over $1 billion in liquidations were seen in crypto markets. (Source: usatoday)
- On 6th March, Bitcoin fell from $90,200 to $85,400 after President Trump signed an executive order to create a Strategic Bitcoin Reserve using forfeited assets. The market reacted with a “sell-the-news” dip, as the reserve’s funding method was less bullish than expected. Analysts are watching for details on future Bitcoin acquisitions and digital asset management. (Source:The Block)
- On March 5, Bitcoin ETFs saw net outflows of $38 million, with Valkyrie’s BRRR leading withdrawals at $60.42 million. Invesco’s BTCO and Bitwise’s BITB also recorded outflows, while BlackRock’s IBIT saw inflows of $38.93 million. Ether ETFs faced even larger outflows of $63.32 million, entirely driven by Grayscale’s ETHE. Despite these withdrawals, Bitcoin ETF assets remained above $100 billion, and Ether ETF assets stood at $8.05 billion. The outflows highlight investor caution amid market volatility and economic uncertainty. (Source :Bitcoin.comNews)
- On March 6, 2025, Bitcoin derivatives traders increased leveraged positions ahead of the White House Crypto Summit on March 7, anticipating market-moving announcements. Since Bitcoin’s $82,000 test, open interest, funding rates, and options volatility have surged. Futures sentiment also shifted after Trump’s Strategic Crypto Reserve (SCR) message, with funding rates rising from -0.01 to +0.009 and open interest jumping by 33,600 BTC in two days, signaling bullish expectations. (Source: The Block)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
The Put side option writing is absent in the Open Interest data. A PCR of 1.15 indicates neutral tone for the upcoming week. Bitcoin is facing volatility due to the current news developments
OI Analytics for the upcoming week: ETHUSD
Heavy Call writing can be witnessed in OI data of Ethereum.PCR 0f 0.49 suggests a bearish pressure in Ethereum.Exceptional Puts have been written at strike 2100.
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UPDATES FROM THE DELTA EXCHANGE TEAM
Last week, the Delta Exchange team had an exciting presence at Finbridge 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 booth at BotSummit in Jaipur on 8th March (Sat).
BotSummit Jaipur:
Venue: Deep Smirti Auditorium, Mansoravar, Jaipur
Date: 8 Mar, 2025
Time: 10:00 AM to 7:00 PM
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 in Jaipur!
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.