Bitcoin climbed back above $82,000 on Monday before reversing lower. The trigger was four words from President Trump posted on social media: “I don’t like it.” Within minutes of the post, Bitcoin dropped nearly $1,200 from around $81,500 to $80,300.
The move triggered immediate liquidations across the crypto market and started one of the most volatile 12-hour periods Bitcoin has seen. About $81 million worth of long positions were liquidated within the first hour of the drop. Bitcoin then returned to $82,400 after US futures markets opened, before reversing lower again.
In total, more than $370 million worth of long and short positions were liquidated during the swings. Bitcoin moved nearly $4,000 in both directions within 12 hours.
The Iran connection
Trump’s post was not random. Iran has just sent its response to the US peace proposal through Pakistani mediators. The response rejected dismantling its nuclear facilities, pushed back on nuclear requests and suggested transferring uranium to a third country while calling for nuclear issues to be negotiated over the next 30 days.
Trump responded publicly by saying Iran “has been playing games” with the US for 47 years and “they won’t laugh anymore.” Analysts noted that the last time Trump used similar language, military strikes followed within 48 hours.
Geopolitical risk immediately returned to markets.
Where analysts stand now
Despite the bounce back to $82,000, some analysts are cautious. Crypto analyst Doctor Profit said the current range between $82,000 and $85,000 looks like the same setup he used to short Bitcoin near its 2025 peak. He gradually opened daily short positions within this range while taking profits from longs entered around $71,000.
His warning is direct. The recent rally could be a bullish trap as retail optimism builds near resistance.
For the bull case to remain intact, Bitcoin must close the week above $81,000.
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