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Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
Despite a 7% increase in bitcoin's price since Sunday, 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 adopting a cautious approach, evident in the options market where they continue to pursue upside via calls. Demand for the $45 call expiring in May has been observed,…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
The recent 7% surge in bitcoin's price to $77,127.87 has yet to demonstrate strong conviction, as the recovery has stalled near $72,000 ahead of significant binary risks, including the upcoming U.S. inflation report and U.S.-Iran truce talks. Institutions are adopting a cautious approach, evident in the options market where they are purchasing calls to speculate on potential gains while also buyi…
April 10, 2026, 11:29 a.m.