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Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
The recent 7% surge in bitcoin's price to $74,768.59 has not been accompanied by strong conviction, as the recovery has stalled near $72,000 ahead of key risk events, including the US inflation report and US-Iran talks. Institutions are adopting a cautious approach, buying call options to bet on price gains while also purchasing downside protection. According to QCP Capital, there is demand for t…
April 10, 2026, 11:29 a.m.
Crypto Daybook Americas
Lack of Conviction in Institutional Bitcoin Positions
Despite bitcoin's recent 7% price surge, the recovery remains fragile, with institutions adopting a cautious stance ahead of key events such as the US inflation report and US-Iran talks. The options market reveals a mixed approach, with institutions pursuing upside potential through call options while also seeking downside protection through puts. The demand for puts persists, indicating a linger…
April 10, 2026, 11:29 a.m.