According to Crypto Daybook Americas, Bitcoin (BTC) is holding steady around $106,000, up 0.9% in the last 24 hours, as President Donald Trump delays a decision on U.S. involvement in the Israel-Iran conflict for two weeks, reducing immediate geopolitical risks (source: Crypto Daybook Americas). This has lowered the odds of U.S. military action before month-end from 70% to 40% on Polymarket, providing temporary relief to risk assets like cryptocurrencies (source: Polymarket). However, analysts at CryptoQuant warn of a potential drop to $92,000 or lower if demand fails to recover, citing a 60% decline in ETF flows since April and reduced whale buying activity (source: CryptoQuant). Traders should monitor on-chain activity and ETF flow trends closely for signals of further downside risk or a potential rebound above the $109,000 resistance level (source: Glassnode). With BTC dominance at 65%, maintaining positions above the monthly open could signal bullish momentum (source: Crypto Daybook Americas).

According to Crypto Daybook Americas, Bitcoin (BTC) is holding steady around $106,000, up 0.9% in the past 24 hours, following President Trump’s announcement of a potential two-week delay in U.S. involvement in the Israel-Iran conflict, reducing immediate geopolitical risks (source: Crypto Daybook Americas). This has buoyed risk assets, including cryptocurrencies, with the CoinDesk 20 index rising 0.77% (source: Crypto Daybook Americas). However, traders should remain cautious as CryptoQuant warns of a potential drop to $92,000 if demand fails to recover, citing a 60% decline in ETF flows since April and reduced whale buying (source: CryptoQuant report). Glassnode also notes subdued on-chain activity, possibly indicating a shift to institutional dominance with infrequent large transactions (source: Glassnode). For trading strategies, Bitcoin’s technical analysis suggests bullish momentum if it closes above the monthly open, targeting $109,000, but faces resistance at the 20-day EMA (source: Crypto Daybook Americas). Keep an eye on upcoming macro data and token events like Optimism (OP) unlocks for potential market impacts.