Bitcoin is impacted by both the volatility around the CME opening and Iran’s geopolitical risks, leading to sharp short-term swings

Bitcoin saw clear volatility around the opening of CME futures on Monday, quickly rising from about $80,700 to a high of $82,400, before falling back to fluctuate below $81,000. The CoinDesk 100 Index fell by 1.5%, the CoinDesk 5 Index dropped by 0.6%, and the overall crypto market showed a pullback.
This volatility was mainly driven by two factors: first, the typical position adjustments and the “CME gap” phenomenon when CME Bitcoin futures open; second, the tense geopolitical situation in Iran. U.S. President Trump said Iran’s response to peace proposals was “completely unacceptable,” which pushed oil prices and the U.S. dollar higher and suppressed the performance of risk assets.
In the derivatives market, open interest in crypto futures remained at above $130 billion. Liquidations across the entire network in the past 24 hours exceeded $400 million (mostly short positions). Bitcoin and Ethereum open interest remained relatively stable, while some altcoins such as SUI saw significant increases in positions.
This Bitcoin’s sharply volatile short-term movement is the typical result of technical adjustments combined with macro geopolitical risk. The CME opening period is often accompanied by large trading volume and price gaps, and the escalation of the Iran situation further intensified market risk-aversion sentiment. Overall, the crypto market is still in a state of high open interest, and liquidation risk from leverage deserves attention. Future price action will continue to be influenced by geopolitical developments, the U.S. dollar trend, and the upcoming release of U.S. CPI and PPI data.
The above information is compiled based on publicly available market information and is for reference only. It does not constitute any investment advice or financial opinion. Crypto asset prices are highly volatile; participation should be cautious, and strict compliance with relevant laws and regulations in Mainland China and Hong Kong is required.
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