Long positions were liquidated worth 875 million, and this liquidation wave is brutal—there could be a major risk still ahead during Friday’s options expiry.

CoinWorld news, according to decrypt, Bitcoin price fell to $59.4k, with US spot Bitcoin ETFs seeing a net outflow of $691 million on Thursday, and $10.6 billion in Bitcoin options set to expire on Friday. Over the past 24 hours, total crypto liquidations across the entire network exceeded $1.1 billion, with long position liquidations accounting for $875 million. Bitcoin has fallen approximately 53% from its all-time high of $126.08k in October 2025, with a 24-hour price range of $58.19k to $60.72k, and a total market cap dropping to $1.18 trillion.