According to Omkar Godbole, Bitcoin (BTC) is trading steadily near $105,000 despite geopolitical tensions between Iran and Israel, indicating market resilience. Jeff Anderson of STS Digital stated that BTC's stability suggests it is evolving into a treasury asset, making historical chart comparisons irrelevant. QCP Capital reported that BTC held above the $100,000 psychological threshold with only a 3% pullback, compared to an 8% drop last year during similar turmoil, due to continued institutional adoption. Volatility has decreased, with the BVIV index at 42.7%, and ether options are relatively expensive, presenting yield opportunities for ETH holders through option writing. Large token unlocks for altcoins like ARB and ZK could pressure prices, while corporate adoption expands to coins such as SOL and ETH.

According to James Van Straten, Bitcoin is trading steadily around $105,000, showing resilience despite the Federal Reserve holding interest rates steady and ongoing Middle East conflicts, which typically weigh on risky assets. Van Straten attributes this stability to the bitcoin treasury narrative, with 235 entities now holding BTC, marking an increase of 27 in the past 30 days. However, he reports that derivatives data from Velo indicates caution, with open interest down to $55.3 billion from a peak of $65.9 billion and a BTC put/call ratio of 1.13, suggesting elevated risk of price volatility. Traders should monitor upcoming events like token unlocks for Optimism (OP) and Sui (SUI), as well as governance votes in DAOs such as Compound and Arbitrum.