Bitcoin holds above $81,500 amid $135M liquidations and Middle East tensions.

Bitcoin reached a peak of $82,458 on Sunday but faced resistance near $82,000 on Monday, holding above $81,500 despite volatility. Nearly $135 million in leveraged bitcoin positions were liquidated, mainly long bets, as geopolitical tensions rose after President Trump rejected Iran's peace deal proposal. This uncertainty also impacted oil prices, with Aramco's CEO warning that a blocked Strait of Hormuz could delay oil market normalization until 2027, raising concerns about a potential global recession. Investors remain cautious as markets react to ongoing Middle East instability and its broader economic implications.