Analysis: Institutional Bitcoin Allocation Intentions Remain Insufficient, Iran Situation Becomes Key Variable

Odaily According to reports, although Bitcoin has risen nearly 7% since Sunday, its momentum has slowed after touching the $72,000 range, and overall institutional capital 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, $80,000 strike call options on Deribit have become popular targets. At the same time, demand for call options linked to BlackRock's spot Bitcoin ETF (IBIT) remains strong. Additionally, market demand for downside protection remains robust, with put option allocations not showing a significant decrease. On the macro level, rising energy prices may strengthen expectations for the Federal Reserve to raise interest rates, thereby putting pressure on risk assets including Bitcoin. (CoinDesk)