According to Francisco Rodrigues, Bitcoin (BTC) is trading near $106,000, buoyed by President Trump's comments delaying U.S. involvement in the Israel-Iran conflict, which reduced immediate geopolitical risks as Polymarket odds for intervention fell from 70% to 40%. However, CryptoQuant analysts warn BTC could drop to $92,000 if demand fails to rebound, citing a 60% decline in ETF flows since April and a halving of whale buying activity. AJ Bell investment analyst Dan Coatsworth noted the two-week hiatus keeps the issue live for markets.