According to Francisco Rodrigues, Bitcoin (BTC) traded near $106,000 with a 0.9% daily gain as President Trump delayed U.S. intervention in the Israel-Iran conflict, reducing immediate war risk odds on Polymarket from 70% to 40%. However, CryptoQuant analysts project a potential BTC drop to $92,000 if demand fails to rebound, citing a 60% decline in ETF flows since April and halved whale buying. Glassnode highlighted subdued on-chain activity indicating institutional dominance.