According to James Van Straten, Bitcoin (BTC) remains stable around $105,000 despite the Federal Reserve holding interest rates steady and ongoing Middle East tensions. The Fed signaled slower GDP growth at 1.4% and higher inflation, with fewer rate cuts expected through 2027. BTC's support stems from the treasury narrative, with 235 entities now holding it as an asset, up 27 in 30 days. However, derivatives data from Velo indicates caution, with open interest at $55.3 billion and a BTC put/call ratio of 1.13, suggesting potential volatility risks. Geopolitical escalations, such as Israeli airstrikes and rising Brent crude prices, add pressure, but crypto markets remain open 24/7.