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Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
Despite a 7% rally in bitcoin's price since Sunday, market conviction remains weak, with the recovery stalling near $72,000 due to key binary risks, including the upcoming U.S. inflation report and U.S.-Iran truce talks. Institutions are adopting a cautious approach, chasing upside via calls while also buying downside protection. According to QCP Capital, options tied to BlackRock's spot bitcoin …
April 10, 2026, 11:29 a.m.