Bitcoin Breaks Through $94,000! Is $99,000 Within Reach?

The market storm strikes again! Bitcoin (BTC) has strongly broken through $94,000, just a step away from $99,000. According to the latest report from 10x Research: the technical indicators are heating up for a new high, and the trend is brewing for a new explosive round!

Key data overview:

Since April 12, Bitcoin has risen over 10%, with technical indicators showing strong expansion signals.

ETF funds are firing on all cylinders! The spot Bitcoin ETF recorded the strongest single-day inflow since the beginning of the year, indicating strong institutional confidence.

The futures market is equally hot, with open contracts jumping from $22 billion to $29 billion, giving bulls strong backing.

Concerns cannot be ignored: Despite the stunning price trend, the inflow of stablecoins remains sluggish. The funding gap has not been filled, which may become the last barrier to restrict this round of price surge from reaching its peak.

"If stablecoin liquidity cannot be replenished in time, even if the technical indicators point to $98,000-$99,000, the market may experience a short-term pullback and fall into a tug-of-war."

What does the market think? Currently, Bitcoin is at a delicate balance point of "strong trend + weak liquidity"; ETFs and futures are driving short-term explosive power, but the sustainability of funds will determine whether it can breach the six-figure mark!

Strategy recommendations:

Bulls: Pay attention to the key resistance zone around $98,000;

Bears: Monitor changes in stablecoin liquidity to timely capture reversal signals.

This is not the end of the bull market, but a critical point before hitting the peak —

$99,000 is in sight, and a legend is being written.