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 28th September, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 27th September, 11:59 PM IST.
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CRYPTO NEWS
1. Crypto Markets
BTC surged above $87K early in the week, its highest since January, before pulling back toward 83K–84K as Treasury yields, oil and U.S.–Iran risks returned. The rally triggered roughly $919M in crypto short liquidations, including $557M in BTC shorts. Futures positioning has since cooled, with open interest near yearly lows.
On Sept. 28, BTC extended the pullback to around $83.1K, down roughly 1.6% on the day and briefly trading below $83K. Renewed U.S.–Iran uncertainty, elevated Treasury yields and softer Nasdaq futures weighed on risk sentiment.
Source: CoinDesk, Glassnode, Investor’s Business Daily
2. BTC & ETH ETF Flows
U.S. spot Bitcoin ETFs attracted roughly $2.4B during Sept. 21–25, extending to about $2.8B across six consecutive positive sessions. Daily BTC inflows slowed from earlier highs to roughly $347M and then $191M later in the week. ETH ETFs also remained net positive on several sessions.
Source: ETF flow data, CoinDesk
3. On-Chain & Institutional
Glassnode reported improving BTC transfer volumes and active addresses alongside fresh capital entering at higher prices. Around two-thirds of BTC supply was in profit, although realized profit-taking increased during the rally.
Source: Glassnode
4. Crypto Regulation
The SEC introduced an “Innovation Exemption” providing conditional relief for qualifying venues facilitating on-chain trading of tokenized U.S.-listed stocks. Separately, Binance faced renewed U.S. scrutiny over possible Iran-sanctions violations.
Source: SEC, Reuters
5. U.S. & Global Equities
AI strength supported Wall Street during the week, with the Nasdaq reaching an intraday record on Sept. 22. Sentiment weakened Monday as renewed U.S.–Iran tensions pushed oil higher and revived inflation and interest-rate concerns.
Source: Reuters
6. Fed, Macro & Treasury Yields
Elevated inflation concerns and resilient U.S. economic activity kept further Fed tightening in focus. Treasury yields remained elevated, making rates a key headwind for equities, precious metals and crypto. Upcoming U.S. jobs and inflation data remain major catalysts for the rate outlook.
Source: Reuters, Federal Reserve
7. Gold & Silver
Gold headed for a weekly decline as a stronger dollar and higher rate expectations outweighed safe-haven demand, before dropping roughly 3% Monday to a seven-week low. Silver faced similar pressure from rising real-rate expectations.
Source: Reuters
8. Oil & Geopolitics
Brent initially fell below $100 as Saudi Arabia restarted its East-West pipeline, easing some Hormuz supply concerns. Oil then rebounded more than 2% after Trump rejected Iran’s latest proposal, reviving geopolitical and inflation risks.
Source: Reuters
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Heavy put writing around $74K is providing a strong support base, while positive market sentiment adds further downside protection. On the upside, significant call writing at $93K marks a key resistance level. A PCR of 3.34 points to a strong bullish sentiment for the week ahead.
OI Analytics for the upcoming week: ETHUSD
Ethereum options show bullish sentiments for upcoming week, with a Put-Call Ratio (PCR) of 1.47 supported by strong Put writing. Heavy Put open interest at $2,100 provides a key support level, while significant Call open interest at $2,800 marks the main resistance level.
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USA WEEK AHEAD (IST): [HIGH IMPACT DATA]
Tuesday, September 29 - 07:30 PM - JOLTs Job Openings
Wednesday, September 30 - 06:00 PM - Core PCE Price Index (MoM), GDP Growth Rate (QoQ)
Thursday, October 1 - 07:30 PM - ISM Manufacturing PMI
Friday, October 2- 06:00 PM - Non Farm Payroll, Unemployment Rate
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