Bitcoin clawed its way back toward $78,000 on Monday, recovering from a weekend selloff that sent the price to its lowest point in May. The rebound came after President Trump said both the US and Iran had made real progress toward a permanent peace deal — a sharp reversal from the new threats he'd directed at Tehran just days earlier.
Saturday's slide and Monday's snapback
Bitcoin dropped to just above $74,000 on Saturday morning, its lowest level this month. The move followed Trump's latest belligerent statements toward Iran, which rattled risk assets across the board. But by Monday, the tone had shifted. Trump announced that both sides had made real headway on a lasting peace agreement. Bitcoin quickly recovered, climbing to around $77,200 before encountering resistance. At the time of writing, it was trading near $77,500.
Exchange inflows pile on pressure
The recovery came despite fresh on-chain signals that traders were moving bitcoin onto exchanges. On-chain analyst Axel Adler Jr. reported that roughly 18,000 BTC flowed onto trading platforms last week. At the same time, US spot bitcoin ETFs saw outflows of about 16,000 BTC over the same period. Adler noted that ETF demand failed to absorb the exchange inflow, adding further downward pressure on price. That dynamic — sellers showing up faster than institutional buyers — has been a recurring theme this month.
A technical bright spot
Still, there were signs of resilience under the hood. Trader Sykodelic observed that bitcoin closed the week above both its 50-day and 100-day simple moving averages, as well as the bull market support band — a cluster of moving averages that has historically marked the floor during uptrends. That's a notable achievement given the magnitude of last week's selloff.
Bitcoin remains about 38% below its all-time high above $126,000 set in October 2025, and has shed roughly 28% of its value over the past year. Monday's rebound doesn't erase those losses, but it does show how sensitive the market remains to geopolitical headlines — and how quickly sentiment can flip when tensions ease.
