News View Non-AMP

Why Did Bitcoin Price Fall Today?

Published by
Debashree Patra

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 set off one of the most volatile 12-hour periods Bitcoin has seen. Roughly $81 million worth of long positions were liquidated within the first hour of the drop. Bitcoin then rebounded toward $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 had just sent its response to the US peace proposal through Pakistani mediators. The response rejected dismantling its nuclear facilities, pushed back on nuclear demands, and proposed transferring some uranium to a third country while asking 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 will be laughing no longer.” Analysts noted that the last time Trump used similar language, military strikes followed within 48 hours.

Geopolitical risk returned to markets instantly.

Where Analysts Stand Now

Despite the bounce back toward $82,000, some analysts are turning cautious. Crypto analyst Doctor Profit said the current range between $82,000 and $85,000 resembles the same setup he used to short Bitcoin near its 2025 peak. He has been gradually opening short positions daily 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 stay intact, Bitcoin needs to close the week above $81,000.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Recent Posts

Bitcoin Is Losing Small Investors? Binance Retail Inflows Fall to 281 BTC

Bitcoin's retail activity on Binance has fallen to its lowest level in years, even as…

November 3, 2026

How to Cash Out Bitcoin in 2026

Cryptocurrency investors frequently ask how to cash out Bitcoin and convert their digital assets into…

November 3, 2026

XRP Price Prediction: 2 Key Levels Could Decide the Next Big Move

XRP is approaching a critical setup as volatility contracts and traders prepare for a potential…

November 3, 2026

Why Are Chip Stocks Up Today? AMD Earnings Hopes And Bargain Buying After Selloff

Chipmakers bounced back before Tuesday’s open after heavy losses in the prior session. AMD rose…

November 3, 2026

Midterm Elections 2026: Prediction Markets Give Democrats 75% Senate Odds

Former White House communications director Anthony Scaramucci said President Donald Trump is headed for a…

November 3, 2026

SpaceX Stock Price Prediction 2026, 2027, 2030–2040: Can SPCX Stock Reach a $3 Trillion Valuation?

The global space economy is entering a new era and Space Exploration Technologies Corp. (NASDAQ:…

November 3, 2026