Bitcoin declined from $84,500 to $82,800 as global markets faced broad deleveraging on Monday. The sell-off extended across multiple asset classes, with the Nasdaq 100 falling to 737.76 and gold dropping to $4,147, signaling risk reduction rather than a flight-to-safety rotation. The downturn was triggered by geopolitical escalation after the U.S. rejected ceasefire terms regarding the Strait of Hormuz, driving Brent crude sharply higher. Market attention now shifts to upcoming PCE price index and nonfarm payrolls data following the Fed's recent rate hike, while elevated crypto options volatility and hesitant spot Bitcoin ETF flows reflect growing downside protection demand.