According to Odaily Planet Daily, JPMorgan analysts believe that Bitcoin's price could rise to around $170,000 within the next six to twelve months, driven by leverage rebalancing and improved market volatility. Despite the recent sell-off in the Bitcoin futures market, analysts suggest that the deleveraging phase of perpetual contracts appears to be largely complete, noting that the ratio of open interest to market capitalization in Bitcoin perpetual contracts has fallen from above average to historically normal levels over the past few weeks. (The Block)