Analysis: Institutions' willingness to allocate Bitcoin is insufficient, with CPI and the Iran situation becoming key variables

DeepFlowTech · 2026-04-10T12:13:29+00:00

Bitcoin recently rose nearly 7%, and after reaching $72,000, its momentum weakened. The market faces uncertainties from U.S. inflation data and the U.S.-Iran situation. The options market shows a coexistence of both call and put option demand. It is expected that the March CPI will rise above 3%, which could increase expectations of Federal Reserve rate hikes and put pressure on risk assets.

DeepFlowTech

2026-04-10 12:13:29

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Deep Tide TechFlow News. April 10, according to CoinDesk, although Bitcoin has risen nearly 7% since Sunday, momentum has slowed after it reached the $72,000 range, and institutional capital still lacks a clear overall direction. The market is facing two key uncertainties: the upcoming U.S. inflation data (CPI) and weekend progress in U.S.-Iran negotiations. The options market shows that institutions are, on the one hand, betting on Bitcoin’s upside via call options—for example, on Deribit, $80,000 strike call options have become popular targets. On the other hand, demand for call options tied to BlackRock’s spot Bitcoin ETF (IBIT) remains strong. In addition, demand for downside protection remains robust, with no obvious reduction in put option positioning.

On the macro front, the U.S. March CPI is expected to rise to above 3% year-over-year, mainly driven by higher energy prices, which may reinforce expectations of Federal Reserve rate hikes and thus put pressure on risk assets including Bitcoin.

BTC0.6%

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