Institutions' bitcoin positioning lacks conviction; CPI, Iran talks might help

Institutions are betting on the bitcoin price hitting $80,000 through call options, but they are also buying downside protection. What to know : Bitcoin's price has stalled at $72,000 as investors hesitate to commit ahead of geopolitical and economic news. While institutions are betting on the bitcoin price hitting $80,000 through call options, they are also buying downside protection. Friday’s U.S. inflation data and the weekend’s U.S.-Iran truce talks may help provide a more definitive direction.