TechFlow News, April 10: According to CoinDesk, although Bitcoin has risen nearly 7% since Sunday, its momentum has slowed after approaching the $72,000 range, and institutional capital overall remains directionless. Markets currently face two key uncertainties: the upcoming U.S. inflation data (CPI) release and developments in U.S.-Iran negotiations over the weekend. Options market activity shows institutions are simultaneously pursuing bullish bets—such as the surge in demand for $80,000 call options on Deribit—and maintaining strong demand for call options linked to BlackRock’s spot Bitcoin ETF (IBIT). At the same time, demand for downside protection remains robust, with no notable reduction in put option allocations.
On the macro front, March U.S. CPI is expected to rise year-on-year to above 3%, primarily driven by higher energy prices. This could reinforce market expectations of further Federal Reserve rate hikes, thereby pressuring risk assets—including Bitcoin.
