As of the time of writing, the put/call ratio for Bitcoin stands at 0.61, with the maximum pain point set at $62,500. This suggests that analysts who deal with trading options have decided to sell a contract. The implication here is that they anticipate a decline in the token’s price, which would result in a profitable position. If the put/call ratio surpasses 0.70, it may indicate that investors are purchasing more put options than call options. Stay updated with the most recent financial and business news by visiting COINTURK FINANCE.
