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Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positions
The recent 7% surge in bitcoin's price to $70,803.44 has not been accompanied by strong conviction, with the recovery faltering near $72,000 ahead of key events such as Friday's US inflation report and US-Iran talks. Institutions are adopting a cautious stance, purchasing call options to bet on potential gains while also buying put options to protect against potential losses. According to QCP Cap…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
Bitcoin's price has seen a 7% increase since Sunday, but its recovery has stalled near $72,000 due to key risks, including the upcoming US inflation report and US-Iran talks. Institutions are taking a cautious approach, buying call options to bet on price gains while also purchasing downside protection. According to QCP Capital, there is demand for the $45 call expiring in May for BlackRock's spo…
April 10, 2026, 11:29 a.m.