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Crypto Daybook Americas
Lack of Conviction in Institutions' Bitcoin Positioning
The recent 7% rally in bitcoin's price to $77,378.75 has not been accompanied by strong conviction, as the recovery has stalled near $72,000 ahead of key events such as the US inflation report and US-Iran talks. Institutions are taking a cautious approach, buying call options to bet on potential gains while also purchasing downside protection. According to QCP Capital, there is demand for the $45…
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.