#BTC# The Arizona state legislature recently passed a Bitcoin reserve bill, which is now 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, and the upcoming US GDP data is also seen as a catalyst for market fluctuations – despite the recent inflow of Bitcoin ETFs boosting sentiment, the price is still oscillating within a large range and urgently needs a key event to break the deadlock.
The $100,000 Bitcoin mark is viewed as an important psychological barrier: historically, in March and November 2024, when Bitcoin broke its historical highs, it was accompanied by an explosion in altcoin trends, primarily driven by FOMO emotions triggered by the breakthrough of psychological barriers, attracting incremental capital. In contrast, the current market liquidity and the outflow of funds from altcoins are approaching a deep bear cycle, which not only requires external liquidity injections but also a price breakout to rebuild confidence. Industry opinions suggest that if the $100,000 hurdle is successfully breached, Bitcoin's "digital gold" attribute will be further strengthened, and market makers and institutional funds will also cluster towards targets with better liquidity depth, accumulating momentum for subsequent altcoin trends.