Bitcoin Slides to $59,400 as Spot ETF Outflows Hit $691M and $10.6B Options Expiry Looms

Bitcoin fell to about $59,400 on Friday, according to Odaily Planet Daily. U.S. spot Bitcoin ETFs posted a net outflow of nearly $691 million on Thursday, the biggest single-day withdrawal since May 27. Around $10.6 billion in Bitcoin options are due to expire Friday. Across the global leveraged crypto market, liquidations topped $1.1 billion over the past 24 hours, with long positions accounting for $875 million. Bitcoin has retreated roughly 53% from its October 2025 all-time high of $126,080, and traded between $58,189 and $60,724 over the last 24 hours. Total market capitalization stood near $1.18 trillion. (Decrypt)