**[Analysis: Institutional Bitcoin Allocation Lacks Momentum, CPI and Iran Situation as Key Variables]** Deep Tide TechFlow reports, on April 10, according to CoinDesk, although Bitcoin has risen nearly 7% since Sunday, its momentum has slowed after reaching the $72,000 range, and institutional funds overall still lack clear direction. The market is facing two major uncertainties: the upcoming U.S. inflation data (CPI) and the progress of U.S.-Iran negotiations over the weekend. Options market data shows that institutions are betting on Bitcoin's upward movement through call options. For example, the $80,000 strike price call options on Deribit have become popular targets, and demand for call options tied to BlackRock's spot Bitcoin ETF (IBIT) remains strong. Meanwhile, demand for downside protection remains robust, with no significant reduction in put option allocations. On the macroeconomic front, U.S. March CPI is expected to rise above 3% year-over-year, primarily driven by higher energy prices, which may reinforce expectations of Federal Reserve rate hikes, thereby exerting pressure on risk assets, including Bitcoin.