Bitcoin (BTC) faced renewed selling pressure on Monday, dropping to around $86,000 after a series of liquidation events erased hundreds of millions of dollars in leveraged positions.

The decline deepened over the weekend, pushing BTC briefly under $85,500 amid broader risk-off sentiment and growing macroeconomic uncertainty.

Liquidation Wave Accelerates Downtrend

Data from multiple exchanges shows that more than $640 million worth of leveraged positions were wiped out within 24 hours, triggering a sharp breakdown below Bitcoin’s recent trading channel.

The pullback followed a breach of a major liquidation cluster under the $90,000 level, which rapidly thinned liquidity and intensified the move toward the mid-$80,000 region.

On the charts, Bitcoin lost short-term structural support a

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