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 3rd Jul, 11:59 PM IST.
Trade Now!
CRYPTO NEWS
- Robinhood launches ‘micro’ futures contracts for XRP and Solana. Micro futures allow traders to speculate on price movements with less capital and lower risk than standard futures contracts.Robinhood expands into tokenized equities and crypto perp futures, plans Layer 2 blockchain with Arbitrum. (Source: The Block)
- Strategy has purchased another 4,980 BTC for approximately $531.9 million at an average price of $106,801 per bitcoin — taking its total holdings to 597,325 BTC.The latest acquisitions were funded by proceeds from the sale of its Class A common stock, MSTR, perpetual Strike preferred stock, STRK, and perpetual Strife preferred stock, STRF. (Source: Bitbo)
- On 1st July, the net inflow streak of U.S. spot Bitcoin ETFs extended to 15 days, totaling $4.7 billion.The continued daily inflows come as bitcoin lingers less than 5% below all-time highs.IBIT has been a standout success amongst the competition and has consistently outperformed competitors, even when the market was running red. (Source: CCN)
- BlackRock’s spot Bitcoin exchange-traded fund is earning more than the firm’s $624-billion S&P 500 ETF, according to Bloomberg.IBIT has over $70 billion in assets under management, making it by far the most popular ETF tracking Bitcoin. (Source: Bloomberg)
- The first spot Solana staking exchange-traded fund, the REX-Osprey Solana + Staking ETF, which debuted on Wednesday, drew strong investor interest. According to Bloomberg Senior ETF Analyst Eric Balchunas, the fund ended its first trading day with around $33 million in volume. (Source: Mitrade)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Significant Put writing starts at 98,000 strike while significant Call writing starts at 110,000 strike. PCR of 1.44 points to a neutral to slightly bullish sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
Significant Put writing starts at 2400 strike while Call writing starts from 2600 strike.PCR of 0.95 points to neutral market sentiments for the upcoming week.
Trade Now!
USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
- Wednesday - 11:30 PM - FOMC Minutes
- Thursday - 6.00 PM - Initial Jobless Claims
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