We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.
We’ve got an exciting Black Friday Offer for you. Keep reading till the end to find out! 
WEEKLY SNAPSHOT
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CRYPTO NEWS
- The global crypto market cap is $3.34T on 29th November. The total crypto market volume on the day was $146.84B. Bitcoin’s dominance is currently 57.07% (Source: Coinmarketcap.com)
- Bitcoin has retreated nearly 7% from its all-time high of $99,645 recorded on Nov. 22, reaching an intraday low of $92,775 during early trading on Tuesday, Nov. 26. This movement reflects a cyclical pattern that enables the market to consolidate gains and decrease leverage before continuing its upward trajectory.
- Perpetual swaps for Ethereum show a steady rise in open interest. In contrast, open interest for BTC slowed after the flagship cryptocurrency retreated off highs near $100,000 reached last week. (Source: Crypto.news)
- U.S. spot Bitcoin exchange-traded funds (ETFs) have seen a few days of outflows following last week’s record-breaking inflows, whilst Ethereum funds work to pick up the slack with a humble day of inflows. Spot Ether ETFs saw about $225 million in net inflows over four recent trading days, which was $190 million more than the spot Bitcoin ETFs. (source: Cnn; Cointelegraph)
- Capital is flowing out of Bitcoin and into altcoins, according to QCP Capital analysts — with Ethereum, Cardano, and Solana seeing gains. (source: The Block)
- FTM rose by over 21% on Nov. 27 and emerged as the leading gainer among the top 100 cryptocurrencies by market cap amid community hype regarding the launch of its Sonic mainnet and a significant rise in whale investment. (Source: Crypto.news)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
OI data shows Options writers at the extremes. Some volatility is expected in the coming week with room for Bitcoin movement.
OI Analytics for the upcoming week: ETHUSD
Significant Call writing at 4000 strike is evident which is also a psychological level and can act as resistance for the week. PCR of 0.83 indicates the interests of Options writers on both sides.
DELTA EXCHANGE RESEARCH PERFORMANCE
Performance of trades covered by Delta Research last week:
- On Friday, the modified 1:3 Ratio Spread made a profit of $180.On Monday, Iron Condor delivered a profit of $150 on a margin of $2000.
- Tuesday, in the later hours, Bitcoin started moving downwards and the SL got hit, but still we gained a minor profit of $38. Wednesday and Thursday marked a profit of $100 and $120 respectively. The week has been decent for Options sellers because of the higher Implied Volatility. Ratios are working well when the IVs are higher.
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.
BLACK FRIDAY OFFER
Refer & Win: Get a Gift Voucher this Black Friday!
Invite friends to Delta Exchange and score big with exclusive Gift Vouchers!
Get ready for an exciting Black Friday at Delta Exchange!
From November 29th to December 4th, refer your friends to Delta Exchange and you both could win XOXO GIFT VOUCHERS WORTH INR 500 EACH!
Here’s how it works:
- Invite your friends to join Delta Exchange.
- Get them to trade and pay a minimum fee of $5 by 10th December.
- You and your referred friend get gift vouchers.
- Offer valid from Nov 29 - Dec 4, 2024.
- Minimum fee payment of $5 required by the referred user till 10th Dec,2024.
- Partners are not eligible for this offer.
- If a user refers one or more users, the 1st successful referred user will get the reward.
Refer Now & Win!
UPDATES FROM DELTA EXCHANGE
This week, the Delta Exchange team was present in Pune with enthusiastic traders from the city, sharing insights on Crypto Derivatives and getting to know the platform better.
We’re excited to announce that Delta Exchange will be setting up a booth at BotSummit in Kolkata on 8th December, Sunday!
Venue: Nazrul Mancha auditorium , Southern Park Southern Avenue, near Rabindra Sarobar, Lake, Dhakuria, Kolkata
Time: 9:00 AM to 7:30 PM
This is a fantastic opportunity to connect with us and explore our innovative product offerings that can enrich your trading experience. Visit our stall to learn more about our platform, features, and the unique solutions we bring to the table for traders like you.
Mark your calendars and drop by to discover why Delta Exchange is the ultimate choice for Crypto F&O. See you at BotSummit Kolkata!
Trade Now!
Source links for reference:
- https://coinmarketcap.com/
- https://cointelegraph.com/news/analysts-see-final-flush-before-100k-rush-bitcoin
- https://sosovalue.com/
- ETH outperforms BTC amid rise in open interest: Bybit x Block Scholes report
- https://www.ccn.com/news/crypto/bitcoin-etf-outflows-ethereum-funds-post-modest-gains/
- https://cointelegraph.com/news/ether-etfs-inflows-beat-bitcoin-etfs-over-last-four-days
- Analysts claim crypto capital rotation is driving Ethereum, Cardano and Solana gains | The Block
- FTM soars 21% amid Sonic mainnet launch hype
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.