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 18th May, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 17th May, 11:59 PM IST.
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CRYPTO NEWS
1. Bitcoin Price Falls as Iran Strait Warning Hits Crypto
The Bitcoin price slipped below $78,000 on Saturday as geopolitical pressure and ETF outflows hit market sentiment. BTC traded near $78,228, with an intraday low around $77,711, while sellers kept pressure on major crypto asset
Source:The Coin REpublic
2. Michael Saylor’s Strategy buys another 24,869 BTC
Strategy has purchased another 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin, bringing its total holdings to 843,738 BTC
Source: The Block
3. Gold Steady as Iran Sanctions Waiver Report Counters Rate Fears
Gold steadied as traders weighed the inflation risks from a lack of progress in reopening the Strait of Hormuz against Iranian media reports that the US has proposed a temporary waiver on oil sanctions.
Source: Bloomberg
4. CLARITY Act clears key Senate committee hurdle after long delay
The Senate Banking Committee on Thursday advanced the landmark Clarity Act after months of negotiations, signaling fresh momentum for the long-stalled digital asset market structure bill, which would establish the Commodity Futures Trading Commission as the primary regulator for large parts of the crypto industry while allowing the Securities and Exchange Commission to retain authority over digital securities.
Source: The Mint
5. Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds
Bitcoin exchange-traded funds recorded the steepest single-day outflow since mid-February, as analysts say institutional participants appear to be treating BTC’s recent recovery as a liquidation window rather than an accumulation opportunity.
Source: The Block
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Strong Call writing is concentrated near the upper resistance zone of $86,000, while significant Put writing begins at $71,000. A PCR of 0.85 suggests a Neutral market sentiment for the upcoming week.
OI Analytics for the upcoming week: ETHUSD
Significant Call writing is observed at $2,300, while Put writers remain active near the $2,000 level. A PCR of 0.44 reflects a bearish market sentiment for the coming week.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Wednesday, May 20 - 11:30 PM: FOMC Minutes
Thursday, May 21 - 6:00 PM: Building Permits Prel, Housing Starts
Friday,May 22 - 8:30 PM : Fed Waller Speech
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Delta Exchange Team