Spot Bitcoin ETFs see $691M outflow. With options expiry looming, BTC drops to $59,400.

Odaily Planet Daily News: The price of Bitcoin dropped to around $59,400 today. On Thursday, US spot Bitcoin ETFs saw net outflows of nearly $691 million, marking the largest single-day outflow since May 27.

Meanwhile, Friday will see the delivery of $10.6 billion worth of Bitcoin options. Over the past 24 hours, leveraged cryptocurrency positions worth over $1.1 billion were liquidated across exchanges, with long positions accounting for $875 million. Bitcoin is currently down approximately 53% from its all-time high of $126,080 reached in October 2025. Its 24-hour price range fluctuated between $58,189 and $60,724, bringing its total market capitalization to around $1.18 trillion. (Decrypt)