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 in Weekly Returns table are as observed on 19th Jan, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 18th Jan, 11:59 PM.
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CRYPTO NEWS
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Bitcoin plunged below $92,500 on 19th January as fears of a looming U.S.-EU tariff war triggered a sharp sell-off in the crypto market following tensions after the U.S. President Donald Trump threatened to impose new tariffs on European allies. Analysts noted that while traditional markets remained stable, crypto showed relative weakness due to ongoing macro uncertainty and fading sentiment after the U.S. crypto market structure bill was delayed.
Source: The Block -
On 19th January, $785M in long positions were liquidated, driven by a leverage-heavy rally unwinding and U.S. tariffs on European imports. Altcoins like Solana, SUI, and ZCash also fell sharply. Analysts say the market remains vulnerable due to thin futures liquidity and subdued spot demand, with short-term price movements largely driven by leverage rather than fundamentals.
Source: Cryptorank -
Bitcoin futures open interest rebounded 13% in January, rising from $54B to $61B, signaling a cautious return of risk appetite after last quarter’s sharp deleveraging. Analysts say the recovery remains modest but could support a gradual bullish momentum. Meanwhile, Bitcoin options OI has overtaken futures at $75B, indicating a shift toward hedging and structured trading rather than pure speculation, a sign of a maturing crypto market.
Source: Cointelegraph -
U.S. spot Bitcoin ETFs saw $1.42B in inflows last week, the highest since October, led by BlackRock’s IBIT with $1.03B, signaling renewed institutional demand. Bitcoin briefly hit $97K before dropping to $92.6K amid U.S.-EU tensions. Analysts say ETF inflows show long-term confidence, but leverage-driven volatility persists. Ethereum ETFs also logged $479M, their best week since October.
Source: The Block -
Tom Lee’s Bitmine Immersion now holds 4.16 million ETH (about 3.4% of Ethereum’s supply), worth nearly $13.3B, signaling strong institutional confidence. As exchange balances drop to 16.3M ETH, supply tightens, though Ethereum’s price slipped 4% to $3,200 amid U.S.-EU trade tensions. Analysts see a bullish setup forming, with key support at $3,300 and potential upside toward $3,900–$4,000.
Source: Coinpedia -
This week could be one of the most volatile of 2026 for crypto, as U.S.–EU trade tensions, a Supreme Court ruling on tariffs, Fed liquidity injections, and multiple economic data releases converge. Traders will closely watch events like the FOMC report, GDP & PCE data, Pending Home Sales, and Japan’s rate decision.
Source: Coinpedia
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Heavy call writing is concentrated at the $100,000 level on the higher side, while substantial put writing is seen at the $88,000 level on the downside. The Put–Call Ratio (PCR) of 1.79 suggests a bullish market sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
Significant Call writing is observed at the $3,350 strike, while notable Put writing is evident at $2,700. The Put-Call Ratio (PCR) of 0.68 suggests a bearish market sentiment for the upcoming week.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Wednesday, Jan 21
8:30 PM - Pending Home Sales (MoM)
Thursday, Jan 22
7:00 PM - GDP Growth Rate (QoQ)
8:30 PM - Core PCE Price Index (MoM)
FEATURE ALERT: STRADDLE CONTRACTS
Straddle is a simple way to trade BTC/ETH volatility on daily expiries!
It is a Call + Put option bundled at the same Bitcoin strike.
Highlights of Straddle:
- 50% lower fees - Charged only on one leg
- Lower slippage - Better liquidity & tighter spreads
- Faster execution - trade 2 Options with 1 order
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Check out our Youtube Video for more details on this feature.
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Happy Trading!
Delta Exchange Team