"Bottling" something is a bit cliche, no? Certainly open for interpretation.
I mean, if you turned up half-arsed with no clear plan, played like a bunch of strangers and struggled with the basics all the while just expecting to win - then that, in my opinion, is bottling it.
And by that definition, Liverpool bottled it, but Arsenal did anything but. They were simply out-played by a better team despite their excellent start to the match.