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.
BREAKING: President Trump responds to Iran’s response to the US’ 14-point peace proposal:
“I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it,” he says.
Futures open in under 2 hours. pic.twitter.com/ropx1Ma8M1
— The Kobeissi Letter (@KobeissiLetter) May 10, 2026
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.
BREAKING: Bitcoin just dumped $1,900 in 4 hours, fully retracing the entire pump.
In the last 12 hours,
Bitcoin dumped $1200 from $81.2k to $80.3k
Then pumped $2100 from $80.3k to $82.4k
Now again down $1900 from $82.4k to $80.5kLiquidated $370M worth of longs and shorts pic.twitter.com/tabUBTH3cL
— Bull Theory (@BullTheoryio) May 11, 2026
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.
#Bitcoin – What’s Next?
The Big Sunday Report: All We Need to Know
🚩 TA / LCA / Psychological Breakdown:
These are the last days and if you are lucky the last few weeks above the 80k range, the area of 50k and below is calling and the big crash is a matter of time, the trap… pic.twitter.com/9svoqd7dzV
— Doctor Profit 🇨🇭 (@DrProfitCrypto) May 10, 2026
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.
