As a result, the capitalization of the crypto market decreased by 1.75% to $2.96 trillion. Sales increased after bitcoin broke through the $89,305 level, which had been held all morning.

Bitcoin dropped by 3% during the day and by 9.4% over the past week, however, BTC has gained 0.30% since the beginning of the year. After falling below $87,000, the downward momentum has intensified, and several sharp drops indicate that sellers are firmly holding positions.

The trading volume remained small at $25.11 billion, which could lead to sudden fluctuations. This indicator plays a key role in Sunday's situation, as the most pronounced surge coincided with the movement towards the session lows. This pattern indicates a strong distribution and potential short-term exhaustion of sellers, which is often followed by either a moderate rebound or a cooling phase.

Coinglass data shows that the positions of 149,139 traders were liquidated in the crypto derivatives market, which lost $343.9 million. About $78.36 million of these liquidations accounted for long positions in BTC, and $90 million for long positions in ETH.

Many attribute the fall of bitcoin to geopolitical and macroeconomic instability, as well as US President Donald Trump's comments about Canada. He said the country was "systematically destroying itself."

In addition, the fall of bitcoin (BTC) on Sunday has become a common occurrence, recurring week after week. The past day is no exception: low liquidity, indecisive traders and sellers seeking their benefits.

Until trading volume increases or a clear catalyst appears, bitcoin is likely to fluctuate rather than grow.