#BTC# The Arizona State Legislature recently passed a Bitcoin reserve bill, currently awaiting the governor's signature. If the bill takes effect, the state will become the first in the U.S. to include Bitcoin as a reserve asset. Based on a 10% allocation ratio, it is estimated that approximately $7.8 billion could flow into the Bitcoin market.

The current governor has 5 working days to decide whether to sign, while the upcoming US GDP data is also seen as a catalyst for market volatility – although the recent inflow of Bitcoin ETFs has boosted sentiment, prices are still fluctuating within a large range, urgently needing a key event to break the deadlock.
Bitcoin's $100,000 mark is seen as an important psychological level: Historically, when Bitcoin breaks through all-time highs in March and November 2024, it is accompanied by the outbreak of altcoins, and the core is that the FOMO sentiment triggered by the psychological barrier breakthrough attracts incremental funds. On the other hand, at present, market liquidity and altcoin capital outflows are close to the deep bear cycle, which not only requires external liquidity injection, but also needs a breakthrough at the price level to restore confidence. Industry views point out that if the $100,000 mark is successfully broken, Bitcoin's "digital gold" attribute will be further strengthened, and market makers and institutional funds will also gather to targets with better liquidity depth, accumulating momentum for the follow-up copycat market.