Crypto Pulse Weekly #5

Crypto Markets Discussion
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We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.

WEEKLY SNAPSHOT

Weekly Snapshot
Weekly Snapshot1271×1336 129 KB

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CRYPTO NEWS

  1. Bitcoin breaks above $95,000 for the first time as post-election momentum continues. This level of dominance marks a significant shift from the previous cycle’s low of 39% during the DeFi boom in May 2021. (Source:TheBlock)
  2. U.S. spot bitcoin exchange-traded funds saw their total net asset value exceed $100 billion on 20th November as bitcoin continued to reach new all-time highs (Source: SoSovalue)
  3. MicroStrategy Upsizes Note Sale to $2.6 Billion, Betting on Bitcoin’s $100,000 Breakout (Source:Bravenewcoin)
  4. iShares Bitcoin Trust ETF (IBIT), started on Nov. 19 at Nasdaq and has already moved over $446 million in its first trading hours. IBIT options trading volume surges to $446M in opening hours, $1.6B by mid-day(Source:Cryptoslate)
  5. Solana surpassed its all-time high to set a new record late Thursday night, driven by a weeks-long market rally fueled by crypto proponent Donald Trump’s re-election as U.S. president. (source:TheBlock)

OPTIONS OI ANALYTICS FOR UPCOMING WEEK

OI Analytics for the upcoming week: BTCUSD
Significant Put writing at 80000 is evident. PCR at 3.45 indicates the interest of option sellers towards Put side.

BTC OI
BTC OI1822×673 51.5 KB

OI Analytics for the upcoming week: ETHUSD
Significant Put writing at 3000 strike is evident with Call writing at 3500 and 4100 Strike. PCR at 1.01 suggests a neutral tone as of now.

ETH OI
ETH OI1828×678 47.3 KB

DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:

  • On Friday, 1:3 Ratio Spread hit our SL and we booked a loss of $250 while on Monday, we were able to book a profit of $140.
  • Tuesday the directional neutral Iron Condor was able to deliver a profit of $100. However, Wednesday being a trendy day, in Iron Butterfly we booked a loss of $150. The Markets have been pretty volatile this week which was also evident from the rise in Implied Volatility.

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.

UPDATES FROM DELTA EXCHANGE

Last week, the Delta Exchange team had an exciting presence at BotSummit in Lucknow where we interacted with F&O traders from the city, sharing insights on Crypto Derivatives.

Botsummit Lucknow
Botsummit Lucknow1804×2048 317 KB

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Source links for reference:

  1. https://www.theblock.co/post/327450/bitcoin-breaks-above-95000-for-the-first-time-as-post-election-momentum-continues
  2. https://sosovalue.com/
  3. MicroStrategy Upsizes Note Sale to $2.6 Billion, Betting on Bitcoin’s $100,000 Breakout - Brave New Coin
  4. IBIT options trading volume surges to $446M in opening hours, $1.6B by mid-day
  5. https://www.theblock.co/post/327797/solana-jumps-11-to-reach-all-time-high-amid-market-rally

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.