Bitcoin experienced sharp volatility, briefly rising above $82,400 before falling below $81,000 and at one point slipping under $80,000, later holding near that level. OKX market data cited by PANews showed Bitcoin at $80,988, down 0.52% on the day. The moves were linked to trader repositioning around the CME futures open and a broader risk-off tone tied to geopolitical developments, including the report that Trump rejected Iran’s proposal. The price action also triggered short liquidations, while options activity and some fresh $85,000 targets indicated that parts of the derivatives market were still positioned for a rebound.