#空投操作全指南 1. Price Dynamics: Short Selling Pressure, Bitcoin Falls Below $94,000

Today, the price of Bitcoin has fallen back to around $93,000, facing challenges from short selling pressure. Over 100,000 liquidation events have occurred across the cryptocurrency market in the past 24 hours, with the liquidation amount reaching hundreds of millions of dollars. Although Bitcoin has rebounded from its low of $77,000 on April 7 to a range of $95,000, 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 will undergo final voting today. If passed, it will become the first state-level Bitcoin reserve bill in the U.S., potentially encouraging institutions to further adopt Bitcoin as a reserve asset.

3. Institutional and Product Trends

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

- Rumors of MicroStrategy Increasing Holdings: 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.

4. Market Analysis and Institutional Views

Bitwise CEO Hunter Horsley pointed out that the current Bitcoin price is mainly supported by institutional and national-level investors, with Google search interest near historical lows and retail participation relatively low. Technical analysis shows strong support forming in the $92,000-$100,000 range, with long-term holders' (LTH) selling pressure decreasing to 1.1%, providing fundamental support for a bull market.

5. Risk Warning

A Nigerian court is hearing a tax evasion case against Binance today, with claims exceeding $79 billion; South Korea's 'Digital Asset Basic Law' policy will be released tomorrow, and regulatory movements may cause market volatility. Investors should pay attention to policy implementation and leverage risks.