#空投操作全指南 Bitcoin Real-time News Dispatch: Price Fluctuations Intertwined with Policies and Institutional Dynamics

Updated April 28, 2025

1. Price Dynamics: Short Sellers Pressure, Bitcoin Falls Below $94,000

Today, the price of Bitcoin has retreated to around $93,000, facing challenges from short selling pressure. In the past 24 hours, the number of liquidations across the cryptocurrency market has exceeded 100,000, with liquidation amounts reaching hundreds of millions of dollars. Despite Bitcoin rebounding from a low of $77,000 on April 7 to the $95,000 range, market sentiment remains affected by macroeconomic and policy uncertainties.

2. Key Policy Developments: Arizona Bitcoin Reserve Bill May Vote Today

Two Bitcoin reserve bills in Arizona are set for a final vote today. If passed, they will become the first state-level Bitcoin reserve bills in the U.S., potentially driving further institutional adoption of Bitcoin as a reserve asset.

3. Institutional and Product Trends

- Cboe Launches New Bitcoin Futures: The Chicago Board Options Exchange (Cboe), in collaboration with FTSE Russell, has launched a new Bitcoin futures product today, cash-settled and based on the XBTF index, which may provide institutions with more flexible risk hedging tools.

- Saylor Accumulation Rumors: Market rumors suggest that MicroStrategy may increase its Bitcoin holdings today. Although not officially confirmed, historical data shows that similar news has previously triggered short-term price fluctuations. Current on-chain data indicates that 62% of holders are in profit, with limited selling pressure.