We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.
WEEKLY SNAPSHOT
Trade Now!
CRYPTO NEWS
- The global crypto market cap is $2.91T on 15th November. The total crypto market volume over on 15th Nov itself was $225.44B. Bitcoin’s dominance is currently 59.70% (Source:CoinMarketCap)
- Since election night, Bitcoin’s price has surged, reaching a new record high above
$93,000 on Wednesday, 13th November, before pulling back below $90,000. The
Bitcoin Dominance Index (BDI), which measures Bitcoin’s share of the overall
crypto market cap, also hit a cycle peak of 61.39% on Wednesday. This marks its
highest point since March 2021. (Source: Investopedia) - Bitcoin has overtaken silver to become the 8th largest asset in the world, reaching a
market capitalization of $1.752 trillion, surpassing silver’s $1.726 trillion.
(Source:ET) - Bitcoin’s open interest in futures markets recently reached an all-time high amid the
latest market upsurge that has seen the asset claim new price peaks. Bitcoin OI has
spiked to $55.7 billion, indicating a massive increase in trading activity and investor
interest. (Source:Coinglass) - U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are
continuing to attract substantial institutional investment, with inflows reaching
hundreds of millions as interest in crypto increases. - Recent data from SoSoValue shows Bitcoin ETFs saw an impressive net inflow of
$510.11 million on November 13, 2024, bringing the week’s total for BTC ETFs to
over $2.5 billion. - Ethereum ETFs are also showing a strong turnaround after months of lagging. On
November 13, they recorded an inflow of $146.89 million, marking the sixth
consecutive day of record inflows and the third day of positive cumulative net
inflows since their launch. (source:CNN) - PEPE rallies 78% to new all-time highs as the memecoin market cap tops $116B. It
is the largest Ethereum-based memecoin by market capitalization.
(Source:Cointelegraph)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Significant Put writing at 70000 is evident with PCR at 2.11 indicating interest of Put sellers.
OI Analytics for the upcoming week: ETHUSD
Significant Call writing at 3500 level is evident with Put writing at 2900. PCR at 0.43 suggests more Call Writing and change of sentiments.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- On Friday, because of the sideways market there was a sharp fall in the premium and we were able to make a profit of $240. However, Monday being a trendy day we ended in the loss of $55.
- Higher IV and premium was observed over the week, so we changed the strategy to ratio spreads. On Tuesday we captured $356, on Wednesday we were break even and on Thursday we booked a profit of $100. The week has been pretty good for option sellers with a rise in premiums.
For more such trade research insights, follow the Delta Research Community and Telegram channel.
Trade Now!
FEATURE SPOTLIGHT: NEW PNL CARD
PnL, or Profit and Loss, is a critical metric that quantifies the net profit or loss of your trades. It is a great medium to quickly share your Profits or Losses among your peers, trading groups and friends.
Delta Exchange provides a ready-made PnL card (Profit and Loss) that includes a summary of your trading performance. It helps you assess your trading activities over a specified period.
How to view and share PnL Card:
- Open the Delta Exchange app/website and click on your Profile icon in the top-right corner.
- In the drop-down menu, you’ll see Transaction Logs. Click on it.
- In the Order History tab, go to the trade you want to share.
- Swipe left, and you’ll see a Share button. Click on it.
- Your PnL Card will be shown on screen, ready to be shared.
Check out our YouTube video on this feature.
UPDATES FROM DELTA EXCHANGE
We’re excited to announce that Delta Exchange will be setting up a booth at BotSummit in Lucknow on 17th November, Sunday!
Venue: Ravindralaya Auditorium, opposite Lucknow Railway Station, Charbagh, Lucknow.
Time: 9:00 AM to 7:30 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 at BotSummit Lucknow!
Trade Now!
Source links for reference:
- https://coinmarketcap.com
- Bitcoin's Dominance of Crypto Market Reaches Highest Level Since 2021
- At $1.7 trn m-cap, Bitcoin beats silver to become 8th largest asset in world - The Economic Times
- Cryptocurrency Futures Open Interest, Binance&CME Open Interest, Bitcoin Open Interest | CoinGlass
- https://www.ccn.com/news/crypto/bitcoin-ethereum-etfs-650m-combined-inflows/
- https://cointelegraph.com/news/pepe-rallies-78-to-new-all-time-highs-as-the-memecoin-market-cap-tops-116-b
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.