Lack of Conviction in Institutional Bitcoin Positions; CPI and Iran Talks May Provide Clarity
Although bitcoin's price has surged nearly 7% since Sunday to $71,280.84, the recovery has stalled near $72,000 due to key binary risks, including Friday's US inflation report and US-Iran truce talks. Institutions are adopting a cautious stance, chasing upside via calls while also buying downside protection. Demand for calls is evident, with the $80,000 call being a popular bet, but the demand fo…
April 10, 2026, 11:29 a.m.