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Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
Despite a 7% rally in bitcoin's price since Sunday, conviction remains weak due to key risks such as the upcoming US inflation report and US-Iran truce talks. Institutions are buying call options to bet on price gains, but also purchasing puts for downside protection. The demand for puts is reflected in the options skew, which remains negative across all time frames. The US consumer price index f…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Bitcoin Price Lacks Momentum Amid Institutional Caution
Despite a 7% price increase since Sunday, bitcoin's value of $70,625.85 remains uncertain, with its recovery stalling near $72,000 ahead of key events such as the US inflation report and US-Iran talks. Institutions are adopting a cautious approach, using call options to bet on potential gains while also buying puts for protection against declines. According to QCP Capital, there is demand for the…
April 10, 2026, 11:29 a.m.