Bitcoin Slips Below $88K as Sellers Take the Wheel and Liquidations Stack Up

Source: CryptoNewsNet Original Title: Bitcoin Slips Below $88K as Sellers Take the Wheel and Liquidations Stack Up Original Link:

Market Overview

Bitcoin’s price slid on Sunday, dipping below the $88,000 range and tagging a low of $87,471 per unit. Around noon (EST), the top crypto settled into a clean intraday slide, defined by a tidy staircase of lower highs and lower lows.

Thin Liquidity, Heavy Swings

The crypto economy is now 1.75% lighter than it was yesterday, with total valuation clocking in at $2.96 trillion. Selling picked up steam once bitcoin fell through the $88,250 area, a level that had offered brief footing earlier in the morning.

Bitcoin is off 1.7% on the day and down 7.6% over the past week against the U.S. dollar. Even so, year to date, BTC has gone nowhere fast and is up 0.30% since Jan. 1. After slipping under $88,000, downside momentum picked up pace, with several sharp drops pointing to sellers firmly in the driver’s seat rather than a lazy, low-volume fade.

Volume and Liquidations

Trade volume remains on the thin side at $25.11 billion, a setup that can invite sudden jolts. Volume plays a key role in Sunday’s setup, as the most pronounced burst lined up with the push into session lows. That pattern hints at forceful distribution and potential short-term seller exhaustion, often followed by either a modest bounce or a cooling-off phase.

BTC touched an intraday low of $87,471 and, as of 1 p.m. EST, the leading crypto asset is hovering just above the $87,700 range. Data shows 149,139 traders were liquidated across the broader crypto derivatives market, with $343.9 million erased in the process. About $78.36 million of those liquidations came from BTC longs, while $90 million were tied to ETH longs.

Market Context

Many have linked bitcoin’s slide to geopolitical and macro jitters. Still, bitcoin (BTC) falling on Sunday—even as markets anticipate positive announcements—has become a familiar pattern, repeating itself week after week. For now, the tape tells a familiar story: thin liquidity, jumpy traders, and sellers pressing their advantage.

Until volume firms up or a clear catalyst breaks the rhythm, bitcoin looks content to churn rather than charge. As recent Sundays have shown, optimism alone hasn’t been enough to change that script.