We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.
WEEKLY SNAPSHOT
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CRYPTO NEWS
- The global crypto market cap is $2.29Tn. The total crypto market volume over the last 24 hours is $91.36Bn. Bitcoin’s dominance is currently 59.90%.(Source:CoinMarketCap)
- Bitcoin surged to $73,577, approaching all-time high, fueled by strong institutional interest and rising optimism over a potential Republican victory in upcoming US Presidential elections. Significant volatility is anticipated around Election Day on November 5th.
- Bitcoin open interest hits all-time high at $43.61Bn on 30th October. (Source:Coinglass)
- U.S. spot Bitcoin and Ethereum ETFs are on a winning streak, with nearly $900 million in fresh inflows bolstering their holdings. According to data from SoSoValue, Bitcoin ETFs saw their second-highest day of inflows since launch, with a lofty $893.21Mn in total net inflows on Oct. 30. As per SoSoValue, Ethereum ETFs are making some modest gains, with $4.36Mn in net inflows on Oct. 30. (Source:CNN)
- The total liquidations across the crypto market have reached $224Mn. The sudden market shift impacted 64,352 traders, sweeping them into the liquidation wave. (Source:Coinglass)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Option writing levels are towards the extreme ends, giving room for Bitcoin price to trade as option writers are expecting some volatility with wider moves in Bitcoin.
OI Analytics for the upcoming week: ETHUSD
ETHUSD is showing activity on both sides with call writing at strikes of 3200 and 3100. PCR of 1.50 indicates the dominance of Put sellers in the market. Put writing at 2200 is evident which is also the support level as per the TA.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- Last Friday’s Short Strangle strategy ended in a loss of $100.
- On Tuesday, the Short Strangle strategy incurred a loss of 70$, while on Wednesday, the Bull Put Spread was able to clock a net profit of $150.
For more such trade research insights, follow the Delta Research Community and Telegram channel.
Disclaimer: This research is only for educational purpose and is not a financial advice.
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NEW PRODUCT FEATURE: STRATEGY BUILDER
Strategy Builder is a trading tool which allows options traders to build any strategy, analyze it, and trade it in simple steps. The Strategy Builder lets you create options strategies and demonstrate the potential outcomes using not only the payoff table and charts, but also through Greeks.
How to use Strategy Builder:
- Go to Option Chain, you’ll see the Strategy Builder button at the top-right.
- Click on the Strategy Builder button and you’re ready to go.
- Look at the Option Chain, select the strikes that fit your strategy, and add them to your basket.
- Adjust the price and quantity
- Once you’ve set your strategy, scroll down and click the Strategy P/L button. You’ll see the payoff diagram, max profit, max loss, reward-risk ratio, and even break even points.
- The payoff diagram visually shows you how your strategy might perform based on price movement. The green zone is potential profit and the red area is potential loss
Using Strategy Builder improves your risk management. By customizing every detail and analyzing everything beforehand, you can see exactly what you’re getting into.
Check out our YouTube video on this new feature.
Source links for reference:
- https://coinmarketcap.com/
- Cryptocurrency Futures Open Interest, Binance&CME Open Interest, Bitcoin Open Interest | CoinGlass
- Bitcoin surges past $73,500 as US election speculation fuels demand - The Economic Times
- https://www.ccn.com/news/crypto/bitcoin-etfs-890m-blackrock-largest-inflows
- https://www.coinspeaker.com/crypto-liquidation-tops-224m-bitcoin
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