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 23rd Feb, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 22nd Feb, 11:59 PM.
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CRYPTO NEWS
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Bitcoin Market Sentiment and Risk Appetite – Bitcoin is holding between $68,000–$70,000 as geopolitical tensions, rising oil prices, and delayed U.S. rate cuts weigh on sentiment. A 16% put-call skew reflects downside hedging, while ETF outflows ($254M) remain contained. BTC has underperformed the S&P 500 by ~17% over three months, indicating cautious positioning. Recent geopolitical developments, including U.S.–Iran tensions, have reinforced crypto’s increasing correlation with macro risk.
Sources: CoinDesk, Barron’s, CoinPedia -
Ethereum Moves – An early holder transferred 15,002 ETH (~$31M) to Coinbase after a decade, raising near-term supply concerns. ETH trades near $2,000, down 3.5%. Structurally, it remains in a long-term ascending triangle with support at $1,800–$2,100. Improving momentum and MVRV below 0.8 suggest accumulation. A move above $2,356 could signal recovery toward higher long-term targets.
Sources: CryptoSlate, NewsBTC -
Gold Extends Losses – Gold has dropped sharply, down ~25% from highs, pressured by rising yields and fading rate-cut expectations despite geopolitical risks. Near-term support lies around $4,270–$4,300.
Sources: FXStreet, Kobeissi Letter -
Decentralized Apps Gain Traction – Global instability and communication disruptions are driving adoption of decentralized platforms like Bitchat and XMTP. Search interest in decentralized social media has risen 145% over five years, highlighting demand for censorship-resistant tools.
Source: Cointelegraph -
FX & Equities Volatile – USD/JPY is nearing the ¥160 intervention level, while equity markets are under pressure. Nasdaq futures are down ~1%, and Asian indices have seen sharp declines. The S&P 500 breaking below its 200-day moving average signals continued downside risk if tensions persist.
Sources: FXStreet, MarketWatch
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
BTC is slightly below max pain ($69k), suggesting a mild upward pull into expiry. Strong put OI at $60k–$63k provides solid support, while heavy call OI above $75k acts as resistance. With PCR at 0.72, positioning is slightly bearish.
OI Analytics for the upcoming week: ETHUSD
From a seller’s perspective, the PCR slightly above 1 indicates more put writing, which provides a strong support base below current price (~2038). However, with max pain at $2240, there is a clear upward magnet, while call OI builds above current levels suggest gradual resistance on the way up. Overall, the structure is bullish with support below and a controlled move higher toward $2240, rather than sharp upside.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Tuesday, March 24
5:45 PM — US Manufacturing PMI
5:45 PM — US Services PMI
Wednesday, March 25
6:30 PM — Crude Oil Inventories
Thursday, March 26
4:30 PM — Initial Jobless Claims
SPOT TRADING LAUNCHED ON DELTA EXCHANGE
We have launched Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Ripple (XRP), letting you buy and sell crypto directly using INR, without needing to first convert INR to USD/USDT or manage on-chain transfers. This launch is designed for simple “buy, hold, sell” investing with INR-only deposits/withdrawals and an in-app Spot wallet flow.
What’s new in this launch:
- Crypto Spot markets on Delta Exchange so you can take spot positions (not futures/options) and hold them as long as you want.
- INR-first experience: Delta Exchange India supports INR deposits/withdrawals and does not accept crypto deposits like USDT/coins on the India platform.
- Lowest fees: There’s no fees on buying spot crypto. There’s a 0.1% fees on selling, so you pay the fees for only one leg.
How to trade Crypto spot:
- Log in to your Delta Exchange account and open the Spot section
- Transfer funds from your F&O wallet to your Spot wallet
- Place a spot buy order for BTC/ETH/SOL/XRP and hold it.
- When you want to encash, sell your spot position, transfer funds from Spot wallet back to the F&O wallet and withdraw INR to your bank account.
Watch this short video for more details on the launch.
GOLD TOKEN, SILVER TOKEN & US xSTOCK TOKENS LAUNCHED ON DELTA EXCHANGE
We have also launched new perpetual futures - PAXG gold token contract, SLVON silver token contract and US stock tokens (like Tesla xStock, Nvidia xStock, etc), so you can take INR-settled directional exposure (long/short) without buying physical gold or the underlying US shares. These products are derivatives whose prices broadly move in line with their underlying reference assets.
How to trade Gold token & US xStock tokens on Delta Exchange:
- Log in to your Delta Exchange account and open Marketplace to find the new tokens
- Go to Futures and use the left-side instrument drop-down/search to select the contract you want (e.g., PAXGUSD for gold token perpetual or TSLAXUSD for Tesla xStock token perpetual).
- In the order panel, set your leverage (up to 50x for PAXGUSD, up to 25x for TSLAXUSD as per Delta’s contract guides).
- Choose Buy (to go long) or Sell (to go short), place a market/limit order, then manage risk with stop-loss/target as your script describes.
- To exit, close the position from the positions/actions area; P&L settles per the contract rules
Watch this video for more details on the new launch.
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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