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 4th May, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 3rd May, 11:59 PM IST.
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CRYPTO NEWS
1. Bitcoin Breaks $80K on Strong ETF Demand & Institutional Buying Wave
Bitcoin surged above $80,000 driven by heavy ETF inflows, institutional accumulation, whale buying, and geopolitical relief from U.S.–Iran developments, supported by derivatives-driven short squeezes and strong risk sentiment.
Sources: FXEmpire, Market reports, CoinGlass, SoSoValue, The Block|
2. Bitcoin Breakout Debate: Strong Momentum vs Risk of False Move
BTC’s move above $80K was supported by strong volume and liquidity triggers, but analysts remain split on whether this is a sustained breakout or a short-term spike, with key support near $74K–$76K and resistance around $82K–$85K.
Sources: FXEmpire, Barron’s
3. Institutional Flows Accelerate Across ETFs, ETPs & Crypto Stocks
Institutional demand surged via Bitcoin ETFs, Morgan Stanley’s Bitcoin ETP inflows, and crypto-linked equities like Coinbase, Strategy, and Robinhood, strengthening the rally through structured capital flows.
Sources: Barron’s, FXEmpire, Market reports
4. Macro & Event-Driven Catalysts Add Volatility This Week
Markets are focused on U.S. macro data (jobs, ADP, claims), major crypto conferences like Consensus Miami, CME futures launches, and large token unlocks that could impact liquidity and sentiment.
Sources: Crypto event calendars, FXEmpire
5. Ethereum and Altcoins Rally but Face Key Resistance Zones
Ethereum rose above $2,350 supported by whale accumulation (~$322M), while altcoins followed Bitcoin’s momentum; ETH now faces key resistance at $2,400 with upside potential toward $2,500 if broken.
Sources: CoinCentral, FXEmpire
6. Risk Factors Remain Despite Bullish Momentum
Despite the rally, concerns persist around potential cycle weakness, Strategy’s financing risks, and long-term uncertainties such as quantum computing threats and structural crypto volatility.
Sources: Barron’s, Industry analysis reports
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Strong Call writing is visible at the upper extreme of $86,000, while Put writing starts at $74,000.Minor straddle writing is evident at $77,000. A PCR of 1.73 indicates a bullish market outlook for the coming week.
OI Analytics for the upcoming week: ETHUSD
Notable Call writing is seen at $2,550, while Put writers are active around $2,150. A PCR of 0.31 indicates a negative market outlook for the upcoming week.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Tuesday, May 05 - 7:30 PM: ISM Services PMI,JOLTs Job Openings
Thursday, May 06 - 06:00 PM: Initial Jobless Claims
Friday, May 08 - 6:00 PM: Non Farm Payrolls, Unemployment Rate
NEW FEATURE: Delta Exchange is officially available on TradingView as a broker
What this integration does
With Delta Exchange now integrated into TradingView:
- You can trade directly from TradingView charts
- No need to switch between platforms anymore
- Your Delta account connects inside TradingView’s Trading Panel
Once connected, you can:
- Place orders (Market, Limit, Stop, Stop-Limit) directly from charts
- Drag-and-drop Stop Loss (SL) and Take Profit (TP) visually
- Monitor:
- Open positions
- Order history
- Account balance and P&L
- View order book depth (DOM) in real time
- Execute trades faster with fewer steps
What’s in it for traders?
1. Faster execution
- Spot a setup → place trade instantly
- No copying prices or switching tabs
2. Better chart-based trading
- TradingView has advanced indicators & drawing tools
- You can trade based on your exact chart setup
3. Cleaner workflow
- Everything (analysis + execution + monitoring) is unified
Watch this short video to know more.
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