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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
Institutional Bitcoin Trading Lacks Confidence
The recent 7% rally in bitcoin's price to $74,931.54 has not been enough to instill confidence, as the recovery has stalled near $72,000 ahead of significant risk events, including the upcoming US inflation report and US-Iran negotiations. Institutions are adopting a cautious approach, purchasing call options to speculate on potential gains while also buying put options for protection against dec…
April 10, 2026, 11:29 a.m.