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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
Lack of Conviction in Institutions' Bitcoin Positions
The recent 7% rally in bitcoin's price to $75,224.80 has not been enough to establish 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 adopting a cautious approach, reflected in the options market where they are buying calls to bet on potential gains while also purchasing puts for downside protectio…
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 $75,293.82 has not been accompanied by strong conviction, with the recovery faltering near $72,000 ahead of key risk events, including the upcoming US inflation report and US-Iran talks. Institutions are adopting a cautious approach, reflected in the options market where they are purchasing calls to bet on potential gains while also buying downside protec…
April 10, 2026, 11:29 a.m.