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Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
Despite a 7% surge in bitcoin's price since Sunday to $75,271.98, conviction remains weak due to the recovery stalling near $72,000 ahead of key binary risks, including Friday's U.S. inflation report and U.S.-Iran truce talks. Institutions are taking a cautious approach, evident in the options market where they continue to pursue upside potential via calls while also buying downside protection. A…
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.