June 6 (Reuters) - It's a tense time for bitcoin investors. The capricious cryptocurrency's been uncommonly quiet over the past four weeks, bound in the range of $28,452 and $25,800. Bitcoin's volatility index is near 64, well below the 2023 peak of 116.5 touched in January, according to CryptoCompare. "Trading volatility, buying options in the absence of a price move, that's what people might do in this market." Market positioning indicates the maximum pain level for the June 2023 options expiry for bitcoin is at around $24,000, which could act as a support or resistance level, according to analysts at Bitfinex.

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Persons: CryptoCompare, Noelle Acheson, Matthew Weller, Luuk Strijers, Strijers, Thomas Kralow, Medha Singh, Lisa Pauline Mattackal, Pravin Organizations: bitcoin, BULLS, Kralow, Pravin Char, Thomson, Reuters Locations: Bengaluru