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 2nd Feb, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 2nd Feb, 11:59 AM.
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CRYPTO NEWS
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Bitcoin slumped to $74,553, its lowest level since April 2025, amid a broader investor pullback from risk assets like tech stocks. The drop marks a 10% decline year-to-date, leaving BTC near levels seen after Trump’s 2024 election victory.
Source: The Wall Street Journal -
Bitcoin dropped below $80,000 as U.S. spot Bitcoin ETFs saw $1.6 billion in outflows in January, the third-worst month on record. The final week alone accounted for $1.49 billion, signaling heavy institutional selling. Ethereum ETFs also faced $353 million in outflows, while Solana and XRP posted small inflows. The decline followed Kevin Warsh’s Fed chair nomination and rising geopolitical tensions, fueling a broader risk-off mood.
Source: The Block -
Nomura has temporarily reduced its crypto exposure after reporting weaker Q3 profits. CFO Hiroyuki Moriuchi said the decision aims to manage short-term risks following losses at its digital asset arm, Laser Digital Holdings, but reaffirmed Nomura’s long-term commitment to crypto. The firm posted a 10.6 billion yen ($68.5M) loss from its European ventures and a 70% year-over-year decline in overseas profits.
Source: Cointelegraph -
Prediction markets turned bearish after Bitcoin’s weekend crash below $75K. On Polymarket, odds of BTC falling below $65,000 in 2026 jumped to 72%, with nearly $1 million in bets. Traders also placed significant wagers on BTC dropping below $55K (61% odds) and reclaiming $100K (54%). Analysts cite a broader bear market and tight U.S. liquidity as key factors. Bitcoin also slipped below MicroStrategy’s average purchase price for the first time since 2023.
Source: Cointelegraph -
Analysts say the weekend crypto crash that wiped out about $2.5 billion in leveraged positions wasn’t driven by the Fed or Middle East tensions, but by thin liquidity and forced liquidations. With markets already fragile after recent moves, rapid price swings triggered cascading sell-offs across Bitcoin and altcoins as leveraged traders were blown out, amplifying the downturn in a low-liquidity environment.
Source: Cryptopotato -
Michael Saylor hinted that Strategy may have bought more Bitcoin after BTC fell below the firm’s cost basis of $76,040, briefly pushing its position into the red. Saylor posted “More Orange” on X, a signal often used to indicate new Bitcoin purchases. The firm holds over 712,000 BTC, worth about $55 billion, and this would mark its fifth purchase in 2026.
Source: Cointelegraph
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Heavy call open interest above spot, especially from $80k through $100k- suggests near-term resistance and the risk of stalled rallies. With relatively light put support below, downside moves could be sharp. The Put–Call Ratio (PCR) of 0.13 suggests a bearish market sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
Call open interest is heavily stacked between $2.7k–3.0k, creating strong overhead supply where rallies are likely to be sold. Unless a strong catalyst drives a sustained upside move toward the $2.7k+ zone, the structure favors call sellers. The Put-Call Ratio (PCR) of 0.18 suggests a neutral bearish sentiment for the upcoming week.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Monday, February 2, 2026
20:15 – S&P Global Manufacturing PMI (Jan)
20:30 – ISM Manufacturing Prices (Jan)
20:30 – ISM Manufacturing PMI (Jan)
Tuesday, February 3, 2026
20:30 – JOLTS Job Openings (Dec)
Wednesday, February 4, 2026
18:45 – ADP Nonfarm Employment Change (Jan)
20:15 – S&P Global Services PMI (Jan)
20:30 – ISM Non-Manufacturing Prices (Jan)
20:30 – ISM Non-Manufacturing PMI (Jan)
21:00 – Crude Oil Inventories
Thursday, February 5, 2026
19:00 – Initial Jobless Claims
Friday, February 6, 2026
19:00 – Average Hourly Earnings (MoM) (Jan)
19:00 – Nonfarm Payrolls (Jan)
19:00 – Unemployment Rate (Jan)
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Delta Exchange Team