Analyzing what? A good start still.

According to Cointelegraph, Bitcoin failed to break through key resistance over the weekend, plummeting nearly 5% within three hours on Sunday. The asset traded around $91,500 for most of the time, before suddenly dropping to $86,950 on Sunday. Previously, Bitcoin recorded a green weekly candle for the first time in four weeks, closing the weekend at $90,411.

The Kobeissi Letter noted that there are often significant fluctuations on Friday and Sunday nights, and this drop had no obvious news catalyst. Kobeissi believes that this flash crash was due to a sudden spike in selling volume, leading to a chain reaction of sell-offs, exacerbated by the liquidation of historic leverage positions.