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 10th Apr, 11:59 PM IST.
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CRYPTO NEWS
- On 11th April, the global crypto market cap was $2.62T, a 1.76% increase over the last day. The total crypto market volume over the last 24 hours is $106.23B, which makes a 30.23% decrease. Bitcoin’s dominance is currently 62.70%, a decrease of 0.01% over the day. (Source: Coinmarketcap)
- President Donald Trump has paused tariffs for 90 days.Markets immediately bounced on the news — bitcoin reclaimed $81,000 while equities trotted higher.In the same beat, Trump announced a 90-day pause for import duties on other countries and reduced reciprocal tariffs to 10% in the interim.The tit-for-tat trade escalation between China and the United States once again reverberated throughout global financial markets and cryptocurrencies on Wednesday but prices surged this time.(Source: theblock.com)
- On 9th April, investors withdrew $326 million from U.S. spot Bitcoin exchange-traded funds (ETFs), marking the largest single-day outflow since March 11. This latest pullback comes as traders react to escalating tensions between the U.S. and its trade partners over President Trump’s new tariffs. The implementation of the tariffs, such as the 104% duty on Chinese imports, created uncertainty in global markets, pushing investors to de-risk their portfolios. BlackRock’s IBIT was hit hardest, losing $253 million in its third-worst day since launch. (Source:Yahoo Finance)
- 21Shares filed an S-1 registration with the U.S. Securities and Exchange Commission on 10th April for a spot Dogecoin exchange-traded fund.The firm also said it formed an “exclusive” partnership with the House of Doge to launch funds endorsed by the Dogecoin Foundation.(Source: theblock.news)
- The U.S. Securities and Exchange Commission has approved options trading on Ethereum exchange-traded funds.Filings show that the regulator approved trading options for BlackRock’s iShares Ethereum Trust, along with the Bitwise Ethereum ETF and Grayscale’s Ethereum Trust and Ethereum Mini Trust. Investors can now trade options on some of the Ethereum ETFs approved last year by the Securities and Exchange Commission. (Source : decrypt.com)
- Bitcoin ETFs witnessed $150M in outflows on a single day, marking the sixth consecutive day of redemptions amid mounting macroeconomic worries.Nearly $800M of cumulative withdrawals over six trading sessions underscore a mass shift towards safe-haven assets like gold and government bonds. (Source: Cryptoeconomic.com)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Significant Call writing starts at 89,000 strike while significant Put writing starts at 75,000 strike on the lower side. PCR of 0.71 points to a slightly bearish sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
Significant Put writing starts from 1550 strike while Call writing starts from 1700 strike. ITM Call at 1600 is also written.PCR of 0.67 points to bearish sentiments for the upcoming week.
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SCALPER OFFER ALERT!
Scalper Offer on Bitcoin Options is Live!
The Bitcoin Options Scalping Offer allows traders to take advantage of 0 fees on closing trades.
Let’s assume a trader opens and closes their Options positions within 1Hr.
As per this offer, they will only need to pay a fee when opening a position and no fees when closing it. Trades placed after 12 PM IST will not be classified as scalping, if they are for contracts that expire within the next 5 hours and 30 minutes.
This means that if a trader executes a trade post-12 PM IST for an options contract that is set to expire at 5:30 PM IST same day, then it will not be considered as a scalping trade. This offer does not apply to ETH Options trades.
This means traders can make quick scalps without worrying about the cost of closing their positions, thereby increasing their profit potential.
Eligible users: All the KYC Users who give their consent by clicking “Join Now” on the pop-up that appears on the Options Trade page will be able to participate in the offer. This pop-up can be accessed by clicking on the scalper offer banner present on the markets page or the “Scalper Offer” mentioned under the “Fees” on the Options Trade page.
Key Points:
Scalping Duration: 1Hr
Applicable to: BTCUSD Option Contracts
Position Closing Fees: Waived for eligible trades
Applicable on partially closed position of Options Trades within 1HR
Watch this Youtube video to know about this offer in detail.
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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.