$BTC Recent Bitcoin prices have fluctuated sharply, breaking through $93,000 on April 23, reaching a 7-week high, but then falling back to the $91,000 range. Over 150,000 people were liquidated within 24 hours due to high leverage. Institutional funds continue to flow in, with BlackRock increasing its BTC holdings by $1.2 billion this week, and the net inflow of spot ETFs reaching $910 million in a single day. On the policy front, the Federal Reserve has withdrawn the requirement for crypto business reporting, SEC Chairman emphasizes strengthening the regulatory framework, while the Bitcoin Strategic Reserve Act promoted by the Trump administration is still under congressional review. The market shows a pattern of institutional dominance coexisting with retail speculation, and short-term vigilance is needed against the risk of policy implementation falling short of expectations.