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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 Institutional Bitcoin Positions
The recent 7% surge in bitcoin's price to $74,768.59 has not been accompanied by strong conviction, as the recovery has stalled near $72,000 ahead of key risk events, including the US inflation report and US-Iran talks. Institutions are adopting a cautious approach, buying call options to bet on price gains while also purchasing downside protection. According to QCP Capital, there is demand for t…
April 10, 2026, 11:29 a.m.