- US-based spot Bitcoin ETFs recorded a fifth straight day of net outflows.
- ETFs posted about $103.5 million in net outflows on Friday, bringing five-day outflows to roughly $1.72 billion, according to Farside data.
- Spot Bitcoin traded near $89,160 and has not topped $100,000 since Nov. 13, per CoinMarketCap.
- The Crypto Fear & Greed Index sits in “Extreme Fear” at a score of 25, and sentiment providers describe the market as uncertain.
- Analysts and commentators note retail exits, a metals rally impact, and potential signs that a bottom could be forming.
US-based spot Bitcoin exchange-traded funds extended their outflow streak to five days as investors pulled money amid weakening crypto sentiment. The ETFs logged about $103.5 million in net outflows on Friday, and total outflows across the five-day span reached roughly $1.72 billion, according to Farside data. The period included a shortened U.S. trading week for Martin Luther King Jr. Day.
Spot Bitcoin traded around $89,160 at the time of publication and has not risen above the $100,000 level since Nov. 13, per CoinMarketCap. Market participants often track spot ETF flows to measure retail interest and potential direction for Bitcoin in the coming weeks.
The broader crypto market shows declining sentiment. The Crypto Fear & Greed Index returned an “Extreme Fear” reading of 25 in its latest update, according to alternative.me.
Crypto sentiment platform Santiment said the market is in “a phase of uncertainty” and noted that retail traders are exiting while capital moves toward traditional assets, pointing to quieter social signals and supply distribution as hints that a bottom may be forming; Santiment said. “The best move is probably patience.”
Nik Bhatia, founder of The Bitcoin Layer, suggested on X that poor Bitcoin sentiment may reflect investors shifting into metals during recent rallies; he wrote, “With Gold practically $5,000 and silver at $100, the sentiment in Bitcoin is so poor due to being left out of the metals rally that it almost feels like post-FTX $17,000 bear vibes.”
Crypto analyst Bob Loukas added on X that market mood is weak and noted the possibility of a countertrend move, stating that “sentiment is in the gutter and we could argue overdue some type of strong countertrend rally.”
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Tax policy, not tech, prevents Bitcoin as everyday money now
- Ethereum Foundation opens Post-Quantum team, $2M prizes set!
- Bitcoin nodes running BIP-110 rise to 2.38% as OP_RETURN cap
- Ethereum Tokenization Surge Lifts ETH; Shiba Inu Boosts Now!
- GameStop Moves 4,710 BTC to Coinbase Sparks Exit Speculation
