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Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
The recent 7% surge in bitcoin's price to $77,170.21 has not been enough to instill conviction, as the recovery has stalled near $72,000 ahead of key events such as the US inflation report and US-Iran truce talks. Institutions are adopting a cautious approach, purchasing call options to bet on potential gains while also buying downside protection. According to QCP Capital, there is demand for the…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
The recent 7% rally in bitcoin's price to $77,378.75 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 taking a cautious approach, buying call options to bet on potential gains while also purchasing downside protection. According to QCP Capital, there is demand for the $45…
April 10, 2026, 11:29 a.m.