Bitcoin experienced a sharp decline on Sunday, plummeting from $91,000 to the high-$86,000s within minutes due to intense selling pressure. This abrupt drop led to a significant spike in sell-side volume, resulting in the liquidation of $139 million in BTC longs and erasing recent gains. The rapid breakdown, characterized by thin liquidity and aggressive stop-hunting, left the market reeling. By 8:20 p.m. Eastern time, Bitcoin had slightly rebounded to $87,583.