As of the time of writing, the put/call ratio for Bitcoin stood at 0.61, with a maximum pain point of $62,500. This suggests that analysts who trade options have taken a stance to sell a contract. In this scenario, they anticipate a decline in the token’s price, which would result in a profitable position. A put/call ratio of 0.70 or higher may indicate that investors are acquiring more put options than call options. For the most up-to-date news on finance and business, visit COINTURK FINANCE.
