According to James Van Straten, Bitcoin (BTC) is trading stably around $105,000, shrugging off the Federal Reserve's decision to maintain interest rates and escalating Middle East conflicts. The Fed signaled slower GDP growth at 1.4% and higher inflation, with fewer rate cuts expected through 2027, yet BTC's resilience stems from its adoption as a treasury asset, with the number of known holders rising to 235 entities. Derivatives data indicates caution, with open interest down to $55.3 billion and BTC's put/call ratio at 1.13, reflecting bearish sentiment; funding rates are positive for BTC and ETH but negative for altcoins like AVAX, and liquidation risks are elevated near $103K-$106K levels.