Bitcoin experienced a sharp decline on Sunday night, falling from $67,600 to approximately $64,700, marking a drop of over 4% in just two hours. This downturn was accompanied by significant liquidations, with around $360 million in long positions being liquidated within an hour, according to CoinGlass data. The decline in Bitcoin's price was mirrored across the cryptocurrency market. Ethereum (ETH) fell 5.77% to $1,861, XRP decreased by 6.42% to $1.33, and Solana (SOL) saw an 8.3% drop to $77.60. The rapid sell-off highlights the volatility and risk associated with leveraged positions in the crypto market.