Bitcoin whipsaws at CME open as Iran tensions drag crypto lower!

Bitcoin surged from $80,700 to $82,400 at the weekly CME futures open before reversing below $81,000, as traders repositioned around the gap open and geopolitical risk weighed on broader markets. U.S. President Trump called Iran's response to a peace proposal "totally unacceptable," sending oil and the dollar higher while risk assets sold off. The broad CoinDesk 100 fell 1.5% on Monday; the bitcoin-heavy CoinDesk 5 dropped 0.6%.

On the derivatives side, market-wide crypto futures open interest remains pinned just above $130 billion for a fourth straight day — a signal of stalled momentum and absent fresh leverage. Over $400 million in leveraged futures bets were liquidated, with shorts accounting for the bulk. Bitcoin's 30-day implied volatility index sits near three-month lows despite CPI and PPI prints due later this week, suggesting the market is not pricing in a sharp directional…