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 6th Apr Feb, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 6th Apr, 11:59 AM.
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CRYPTO NEWS
1. Bitcoin Nears $70K Amid Macro & Institutional Support
Bitcoin surged to around $69K–$70K, showing strength despite geopolitical tensions and weak equity markets. Strong U.S. jobs data reduced rate cut expectations, while speculation around institutional buying, especially from MicroStrategy, added bullish momentum. However, $70K remains key resistance, and a breakout is needed for continuation.
Sources: FXStreet, Barron’s
2. Geopolitics, War Risks & Macro Data Driving Markets
Markets across gold, equities, and crypto are reacting to rising Iran–U.S. tensions, with oil climbing and safe-haven demand increasing. At the same time, upcoming CPI, PCE, and Fed data are expected to shape inflation expectations and interest rate outlooks, making this a highly volatile macro week.
Sources: FXStreet, Cointelegraph
3. Institutional Flows & Strategy Playing a Key Role in BTC Trend
Institutional behavior is diverging, while some firms sell Bitcoin due to financial pressure, MicroStrategy continues to accumulate BTC using capital raised via STRC. This creates a strong structural bid for Bitcoin and highlights the growing role of institutional flows in shaping crypto markets.
Sources: Binance Research, Barron’s
4. Altcoins & Ecosystem Growth vs Price Disconnect
Projects like Avalanche and Pi Network are showing strong on-chain growth, user activity, and ecosystem development. However, prices remain under pressure, reflecting a broader disconnect between fundamentals and market valuations, with key resistance levels still holding.
Sources: Crypto news reports
5. XRP & Ripple Positioning for Long-Term Utility
Ripple is expanding its integration into global payment systems handling trillions in flows, potentially boosting XRP’s real-world utility. While this enhances long-term fundamentals, price movement depends heavily on actual institutional adoption rather than just access.
Sources: Crypto news reports
6. Prediction Markets Emerging as Macro Indicators
Platforms like Polymarket and Kalshi are increasingly used by institutions to track geopolitical risks in real time. Their odds on events like the Iran conflict are now closely correlating with Bitcoin and broader market movements.
Sources: Cointelegraph
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Heavy call writing between $74K–80K is capping the upside, while strong put writing at $59K–62K provides a solid downside floor. With max pain at $68.5K, close to the current price, BTC is likely to remain range-bound and gravitate toward this level into expiry. A low PCR (<1) reflects dominant call writing, indicating overhead resistance and limited upside. Overall, the structure suggests a neutral to slightly bearish, range-bound market.
OI Analytics for the upcoming week: ETHUSD
Heavy call writing is building above $2300–2600, creating a strong overhead resistance zone, while put writing is concentrated around $1800–2050, providing downside support. With max pain at $2300, above the current price (~$2151), ETH may see an upward drift toward this level into expiry. A PCR of 0.69 indicates relatively higher call activity, suggesting capped upside with a mildly neutral-to-bearish bias, within a broader $2000–2300 range.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Tue (Apr 7)
6:00 PM: Durable Goods
Wed (Apr 8)
8:00 PM: Crude Oil
10:30 PM: 10Y Auction
11:30 PM: FOMC Minutes
Thu (Apr 9)
6:00 PM: Core PCE, GDP, Jobless Claims
10:30 PM: 30Y Auction
Fri (Apr 10)
6:00 PM: CPI, Core CPI
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