Bitcoin drops to $59400, with over $1.1 billion of positions liquidated across the entire network

The price of Bitcoin fell to $59400, with a net outflow of $691 million from US spot Bitcoin ETFs on Thursday, and $10.6 billion in Bitcoin options delivery on Friday. In the past 24 hours, the total amount of cryptocurrency liquidation on the internet exceeded 1.1 billion US dollars, with multiple liquidation totaling 875 million US dollars. Bitcoin has fallen about 53% from its historical high of $126080 in October 2025, with a 24-hour price fluctuation range of $58189 to $60724, and a total market value of $1.18 trillion. (decrypt)