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 10th August, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 9th August, 11:59 PM IST.
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CRYPTO NEWS
1. Crypto Markets
Bitcoin recovered toward $65,000 after falling near $62,500 earlier in the week. Lower rate expectations and improving ETF demand supported BTC, while ETH showed relative strength.
U.S. spot Bitcoin ETFs recorded roughly $865 million in weekly inflows, while Ether ETFs attracted around $244 million.
Source: Glassnode, CoinDesk, Farside Investors
2. On-Chain & Altcoins
Bitcoin spot conviction remained weak, but network activity improved. Altcoin participation stayed selective, with BTC and ETH outperforming many higher-beta tokens.
Source: Glassnode, CryptoQuant
3. U.S. Jobs & Fed
July payrolls fell 23,000 vs ~80,000 expected, sharply reducing September Fed hike expectations. Treasury yields and the dollar declined following the report.
Source: U.S. BLS, Reuters
4. U.S. Markets
The Nasdaq gained around 1.3% Friday, while the S&P 500 hit a record high. Strong earnings and softer rate expectations supported equities.
Source: Reuters
5. Major U.S. Stocks
Palantir: surged after strong results and upgraded guidance.
AMD: revenue jumped 50%, but shares fell on AI outlook concerns.
Sandisk & Western Digital: fell sharply despite strong results as expectations were already elevated.
Source: Reuters, company updates
6. Gold & Silver
Precious metals were among the week’s biggest winners. Gold surged more than 7% for the week, its strongest performance since January, after weak employment data crushed Fed hike expectations. Spot gold reached a seven-week high and currently trades around $4,345/oz.
Silver also rallied sharply, reaching approximately $64.14/oz on Monday after finishing Friday near $63.29. Falling yields and a softer rate outlook supported both metals.
Source: Reuters
7. Oil & Global Macro
Brent remained volatile around $82–84 amid U.S.–Iran negotiations and Strait of Hormuz uncertainty. Oil remains the key inflation and geopolitical risk for markets.
Source: Reuters
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Call writing remains heavily concentrated at the $71,000 strike, reinforcing this level as the key resistance zone. On the downside, significant put writing is clustered around the $58,000 strike, highlighting strong support and indicating that market participants are likely to defend lower price levels. The Put-Call Ratio (PCR) currently stands at 0.98, suggesting broadly neutral sentiment for the coming week. Meanwhile, modest straddle writing at the $65,000 strike indicates expectations of price consolidation around this level.
OI Analytics for the upcoming week: ETHUSD
Call writing remains concentrated at the $2,200 strike, reinforcing this level as the key overhead resistance. On the downside, significant put writing is centered around the $1,700 strike, establishing a strong support zone and indicating that market participants are willing to defend lower price levels. The Put-Call Ratio (PCR) currently stands at 0.98, pointing to broadly neutral market sentiment for the upcoming week.
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USA WEEK AHEAD (IST): [HIGH IMPACT DATA]
Tuesday, August 11 - 7:30 PM - Existing Home Sales
Wednesday, August 12 - 6:00 PM - Core Inflation Rate MoM/YoY
Thursday, August 13 - 6:00 PM - PPI MoM
Friday, August 14 - 6:00 PM - Retail Sales MoM
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Delta Exchange Team