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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
Lack of Conviction in Institutional Bitcoin Positions
The recent 7% surge in bitcoin's price to $75,293.82 has not been accompanied by strong conviction, with the recovery faltering near $72,000 ahead of key risk events, including the upcoming US inflation report and US-Iran talks. Institutions are adopting a cautious approach, reflected in the options market where they are purchasing calls to bet on potential gains while also buying downside protec…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Institutional Bitcoin Investment Lacks Confidence
The price of bitcoin has seen a 7% increase since Sunday, but its recovery has stalled near $72,000 due to uncertainty surrounding key events, including the upcoming US inflation report and US-Iran peace talks. Institutions are taking a cautious approach, buying call options to speculate on potential gains while also purchasing downside protection. According to QCP Capital, there is demand for ca…
April 10, 2026, 11:29 a.m.