According to Francisco Rodrigues, Bitcoin (BTC) is trading near $106,000, supported by reduced geopolitical tensions after President Trump delayed potential military action against Iran, with Polymarket data showing intervention odds dropping from 70% to 40%. Dan Coatsworth of AJ Bell notes this remains a live market issue. Glassnode reports subdued on-chain activity indicating institutional dominance, while CryptoQuant warns BTC could fall to $92,000 if demand weakens, citing a 60% decline in ETF flows since April and reduced whale buying. Technical analysis suggests BTC is above key support levels but faces resistance at the 20-day EMA.

According to Francisco Rodrigues, Bitcoin (BTC) traded near $106,000, gaining approximately 0.9% as reduced geopolitical risk from President Trump's announcement to delay U.S. military action in the Israel-Iran conflict eased market tensions, based on Polymarket odds shifting from 70% to 40% for immediate intervention. However, CryptoQuant analysts warned that BTC could decline to $92,000 if demand fails to rebound, citing a 60% drop in ETF flows since April and halved whale buying activity.