The Bitcoin (BTC) market is at an “inflection point” after a historic Bitcoin 2024 conference that has seen BTC futures open interest break out of range, according to analysts. “We finally have a breakout of this range,” declared independent analyst Horse, referring to Bitcoin’s futures open interest. Open interest (OI) refers to the total number of BTC-related derivative contracts currently open on all exchanges. A rise in this metric suggests that investors are opening new positions in the derivative market. Generally, the total leverage in the market goes up when new contracts crop up, so a…