Lack of Conviction in Institutions' Bitcoin Positioning May Be Influenced by Upcoming CPI Report and Iran Talks
Despite a 7% rally in bitcoin's price since Sunday to $71,055.31, conviction remains weak due to the recovery stalling near $72,000 ahead of significant binary risks, including the upcoming U.S. inflation report and U.S.-Iran truce talks. Institutions are taking a cautious stance, chasing upside through call options while also buying downside protection. Demand for calls, particularly the $80,000…
April 10, 2026, 11:29 a.m.