Bitcoin’s Potential for 6% Surge Explained by Falling Futures Market

Bitcoin is showing signs of potential recovery, with decreasing open interest indicating a shift towards cleaner price movements. While the market still holds some uncertainty, recent drops in futures open interest suggest a return to more organic buying behavior. This trend, coupled with increased outflows from exchanges, points towards a stronger buyer presence and a potential breakout. 6% could be the next target for Bitcoin if it breaks above $88,300 – the line that has consistently held back price advances in recent months.