Spot Bitcoin ETF outflows of $691 million and nearing options expiry push BTC to $59,400

Odaily Bitcoin fell to around $59,400 today. Spot Bitcoin ETFs in the US saw net outflows of nearly $691 million on Thursday, marking the largest single-day outflow since May 27.

Meanwhile, approximately $10.6 billion in Bitcoin options are set to expire on Friday. Over the past 24 hours, total liquidations across leveraged cryptocurrency positions exceeded $1.1 billion, with long positions accounting for $875 million. Bitcoin is currently down about 53% from its all-time high of $126,080 set in October 2025, fluctuating between $58,189 and $60,724 in the past 24 hours, bringing its total market cap to approximately $1.18 trillion. (Decrypt)