Bitcoin experienced a volatile start to the week, briefly surging from $80,670 to $82,400 before slipping back below $81,000. The move coincided with the CME bitcoin futures open, a period known for repositioning and potential price gaps. Geopolitical tensions with Iran, following President Trump's rejection of a peace proposal, boosted oil and the US dollar, adding pressure to risk assets like crypto. The broader crypto market declined, with the CoinDesk 100 falling 1.5% and the Bitcoin-heavy CD5 dropping 0.6%. Derivatives markets show muted momentum with open interest stagnant above $130 billion, while over $400 million in leveraged positions were liquidated. Notable gainers in open interest include SUI, DOGE, and HBAR. Despite upcoming CPI and PPI data, bitcoin's 30-day implied volatility remains near three-month lows. Additionally, Venice's VVV token has more than doubled in the past month due to emission cuts, token burns, and growing AI demand.

Key facts

• Bitcoin surged from $80,670 to $82,400 before falling below $81,000 during CME futures open.
• Iran tensions boosted oil and dollar, pressuring crypto and risk assets.
• CoinDesk 100 fell 1.5%, CoinDesk 5 dropped 0.6% on Monday.
• Over $400M in leveraged futures liquidated; SUI, DOGE, HBAR see OI gains.
• Venice's VVV token doubled in a month on emission cuts and AI demand.

KeyAudit data perspective