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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.
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.