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Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
The recent 7% surge in bitcoin's price to $74,735.17 has not been accompanied by strong conviction, as the recovery has stalled near $72,000 ahead of key events such as the US inflation report and US-Iran talks. Institutions are adopting a cautious approach, purchasing call options to bet on potential gains while also buying protection against declines. According to QCP Capital, there is demand f…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
The price of bitcoin has surged nearly 7% since Sunday, but its recovery has stalled near $72,000 due to key binary risks, including the upcoming US inflation report and US-Iran truce talks. Institutions are adopting a cautious approach, evident in the options market where they are buying calls while also seeking downside protection. According to QCP Capital, there is demand for the $45 call expi…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
Despite a 7% price surge since Sunday, bitcoin's recovery has stalled near $72,000, with conviction remaining weak ahead of key events such as the US inflation report and US-Iran talks. Institutions are adopting a cautious approach, buying call options to speculate on price gains while also purchasing puts for downside protection. Demand for $80,000 call options has increased, but the options ske…
April 10, 2026, 11:29 a.m.