Institutions' bitcoin positioning lacks conviction; CPI, Iran talks might help
CoinDesk
Bitcoin price remains stalled near $72,000 as institutional investors hedge against potential volatility from upcoming inflation data and geopolitical talks.Summary
Bitcoin has struggled to maintain momentum, stalling at $72,000 as investors adopt a cautious approach. While institutional demand for $80,000 call options persists, there is a simultaneous, strong demand for downside protection via puts. Market participants are closely watching upcoming U.S. inflation data and U.S.-Iran diplomatic talks, which are expected to dictate the next market direction. Negative options skew indicates a prevailing bias toward hedging, reflecting institutional uncertainty amid macroeconomic and geopolitical risks.
(Source：CoinDesk)