On the morning of April 29, $BTC 4, Bitcoin's price strongly broke through $95,000 per coin. As of the time of writing, the price is $94,861, with a 24-hour increase of 1.44%, reaching a new high for the year. However, behind the celebration is a brutal wave of liquidations, with over 110,000 liquidations in the past 24 hours, amounting to $275 million. Recently, large sell orders have increased, with a net outflow of $4.85 million in 12 hours, and technical indicators show strong bearish forces. However, Arizona has passed a Bitcoin reserve bill, and institutions are generally bullish, suggesting that Bitcoin may aim for $100,000 or even higher in the future.