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 July, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 5th July, 11:59 PM IST.
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CRYPTO NEWS
1. Crypto: ETF outflows pressured BTC, but inflows helped recovery
US spot Bitcoin ETFs saw $4.5 billion outflows in June, their worst month since launch. Later, ETFs saw $221.7 million inflows, ending a 10-session outflow streak, and BTC recovered toward $63K. Still, weekly ETF flows stayed negative by around $527 million, so the recovery is not fully confirmed.
Sources: The Block, Economic Times
2. Macro: Weak US jobs data reduced Fed-hike fear
US jobs data came weaker than expected, reducing near-term Fed-hike expectations. This supported equities, gold, BTC and ETH. BTC moved above $61K, while ETH outperformed in the rebound.
Sources: Reuters, Economic Times
3. Gold: Rally supported by softer yields and dollar weakness
Gold rose over 2% for the week after weak US jobs data lowered rate-hike bets. It later eased from a two-week high as the dollar firmed, but downside stayed limited ahead of Fed minutes.
Source: Reuters
4. Oil: OPEC+ supply hike pressured crude
Oil fell as US–Iran supply-risk premium cooled and OPEC+ agreed to raise output targets by 188,000 bpd from August. Brent traded near $71, easing inflation pressure for global markets.
Source: Reuters
5. Global equities: Lower oil and softer Fed risk supported stocks
Global stocks improved after weak US jobs data and lower oil reduced inflation concerns. US futures and European stocks rose, while traders shifted focus to Fed minutes, AI earnings, dollar and yields.
Source: Reuters
6. On-chain: BTC realised P/L shows stress near bottom zone
BTC realised profit/loss ratio dropped to a 43-month low near -0.35. This can appear near capitulation zones, but confirmation needs BTC to hold support and break $63K with volume.
Source: Economic Times
7. Ethereum: Vitalik’s “Lean Ethereum” roadmap supports ETH narrative
Vitalik Buterin outlined a 3–4 year Ethereum rebuild, focused on scalability, lower storage cost, privacy and quantum safety. Long-term positive for ETH/L2 narrative, but short-term ETH still depends on BTC trend, ETF flows and macro.
Source: The Block
8. Altcoins: RWA and regulated crypto themes gain traction
Tokenization and regulated crypto access stayed in focus after MiCA updates and RWA-related developments.
Sources: Cointelegraph, The Block
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 around $53,000 . The Put-Call Ratio (PCR) of 0.56 bearish 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
Ethereum options positioning suggests a balanced market outlook, with substantial call writing concentrated at the $2,000 strike, reinforcing it as the key overhead resistance. On the downside, significant put writing around the $1,400 strike indicates strong support, reflecting participants’ willingness to defend lower price levels. The Put-Call Ratio (PCR) of 1.06 points to a broadly neutral market bias for the coming week. While the options structure implies a defined trading range, ETH is likely to face selling pressure on rallies unless renewed spot demand or fresh long positioning emerges to absorb the heavy call open interest above current levels.
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USA WEEK AHEAD (IST) [HIGH IMPACT DATA]
Monday, July 6 - 7:30 PM - ISM Services PMI
Wednesday, July 8 - 11:30 PM - FOMC Minutes
Thursday, July 09 - 7:30 PM - Existing Home Sales
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Delta Exchange Team