[JPMorgan: Bitcoin price will reach approximately $170,000 in the next 6 to 12 months] Odaily Planet Daily News - JPMorgan analysts stated that with leverage reset and improved market volatility, Bitcoin's price could rise to around $170,000 in the next six to twelve months. Despite consecutive sell-offs in the Bitcoin futures market, analysts noted that the deleveraging phase of perpetual contracts seems to have largely concluded. They pointed out that the ratio of open interest in Bitcoin perpetual contracts to market capitalization has fallen from above-average levels to historically normal levels within weeks. (The Block)