According to James Van Straten, Bitcoin BTC is trading steadily around $105,000 despite the Federal Reserve holding interest rates unchanged and escalating Middle East conflicts, with support from corporate treasury accumulation now involving 235 entities. However, Velo data shows derivatives open interest at $55.3 billion, down from recent highs, and Deribit options flows indicate a BTC put/call ratio of 1.13, signaling trader caution. Coinglass liquidation maps highlight elevated unwinding risks near the $103K-$106K price range.

According to Crypto Rover, the US10Y bond yields are surging, which could influence Federal Reserve's interest rate policies. Traders should closely monitor how this impacts Bitcoin and other cryptocurrencies, as changes in rates can affect liquidity and market dynamics.