Bitcoin slid sharply on Sunday after failing to push above a key ceiling near $91,000, dropping almost 6% in a matter of hours and touching $85,800 on Coingecko. The sell-off came after the market posted a positive weekly close — the first after a run of four losing weeks — which briefly looked like a turning point before the rapid move lower.

Liquidations And Trader Losses

Based on CoinGlass data, more than 180,000 traders were wiped out in the last 24 hours, with total liquidations hitting close to $540 million. Almost 90% of that value came from long bets, concentrated in Bitcoin and Ether.

Reports have disclosed that a sudden surge of selling volume triggered a chain reaction, where forced exits multiplied the price fall as margin positions were closed.

Some market commentators p

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