Lack of Conviction in Institutions' Bitcoin Positioning; CPI and Iran Talks May Provide Clarity
Despite bitcoin's recent 7% price surge to $74,200.69, market conviction remains weak, with the recovery faltering near $72,000 ahead of key risk events, including the US inflation report and US-Iran talks. Institutions are adopting a cautious strategy, buying call options to capitalize on potential gains while also purchasing put options for downside protection. According to QCP Capital, demand …
April 10, 2026, 11:29 a.m.