Analysis: Institutional Bitcoin Allocation Intentions Remain Insufficient, Iran Situation Emerges as Key Variable
Svmuu News Although Bitcoin has risen nearly 7% since Sunday, its momentum has slowed after touching the $72,000 range, and institutional capital overall still lacks a clear direction. The market is facing a key uncertainty: the progress of US-Iran situation negotiations over the weekend. The options market shows that institutions are betting on Bitcoin's upside through call options on one hand; for example, the $80,000 strike call options on Deribit have become popular targets. Meanwhile, demand for call options linked to BlackRock's spot Bitcoin ETF (IBIT) remains consistently strong. Additionally, the market's demand for downside protection is still robust, with put option allocations not showing a significant decrease. On the macro level, rising energy prices may strengthen expectations for a Federal Reserve interest rate hike, thereby putting pressure on risk assets, including Bitcoin. (CoinDesk)
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