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 29th June, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 28th June, 11:59 PM IST.
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CRYPTO NEWS
1. Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is ‘not a stablecoin’
Benchmark reiterated a $570 price target on Strategy, citing continued balance sheet support from its bitcoin holdings and capital structure flexibility.Benchmark Equity Research reiterated its Buy rating on Strategy , maintaining a $570 price target despite a recent selloff in the company’s STRC perpetual preferred stock that saw it briefly fall below $83 on Thursday before closing near $89 in a holiday-shortened trading week.
Source: The Block
2.Strategy should pause bitcoin purchases and rebuild cash reserves,Cryptoquant
CryptoQuant said Strategy should stop buying bitcoin for now as its dividend obligations have risen while its cash reserves have fallen sharply.The firm said Strategy should rebuild its cash reserves and become more selective about when it accumulates bitcoin.
Source: YahooFinance
3. Bitcoin ETP outflows push rolling one-year flows negative for first time since 2023
Rolling one-year notional flows across bitcoin investment vehicles fell to -1,176 BTC as of June 18, the first negative reading since November 2023, according to K33.Bitcoin ETP holdings are down 8% from their peak, which Head of Research Vetle Lunde said is the largest drawdown on record in both relative and notional terms.
Source: The Block
4. Bitcoin miners face deepening margin squeeze as revenue falls below production costs
Bitcoin miner revenue has ground lower for most of the past year, with the 7-day moving average now sitting near $30 million per day, down from the $50 million-plus levels seen last summer. An estimated 20% of miners are now unprofitable at current prices, and the stress is showing at the network level.
Source: TheBlock
5. Average IBIT investor now down about 40% as spot bitcoin ETFs cap second-worst week on record
The average investor in BlackRock’s IBIT is now down roughly 40%, after a 30% gain as recently as mid-2025, according to Bespoke Investment Group data reported by Bloomberg. U.S. spot bitcoin ETFs recorded about $1.79 billion in net outflows in the week ending June 26, their second-largest weekly outflow since the funds launched in January 2024.
Source: Blockchair
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Call writing is heavily concentrated around the $70,000 resistance level, while put writing remains minimal across lower strike levels. The Put-Call Ratio (PCR) of 0.15 indicates extremely cautious market sentiment, suggesting a higher likelihood of further downside in Bitcoin, with limited upside potential in the near term.
OI Analytics for the upcoming week: ETHUSD
Call writing is heavily concentrated around the $1,800 strike, reinforcing it as the primary resistance zone on the upside, while significant put writing near the $1,300 level establishes a strong support base. The Put-Call Ratio (PCR) of 0.41 reflects a bearish market bias for the coming week, indicating that ETH is likely to encounter resistance on any upward move unless fresh buying interest emerges to absorb the substantial call positioning.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Tuesday, June 30 - 7:30 PM - JOLTs Job Openings
Wednesday, July 1- 6:30 PM - Fed Chair Warsh Speech
Wednesday, July 1- 7:30 PM - SM Manufacturing PMI
Thursday, July 2- 6:00 PM - Non Farm Payrolls, Unemployment Rate, Initial Jobless Claims
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Delta Exchange Team