As of the time of writing, the put/call ratio for Bitcoin stands at 0.61, with a maximum pain point of $62,500. This suggests that analysts in the trading options market have taken a position to sell a contract. In such a scenario, the anticipation is for the price of the token to decline, thereby resulting in a profitable position. If the put/call ratio exceeds 0.70, it may suggest that investors are purchasing more put options than call options. For the most recent updates on financial and business news, visit COINTURK FINANCE.
