US Bitcoin ETFs Experience $1.72B Outflow Amid Declining Market Sentiment
- Spot Bitcoin ETFs reported $103.5 million in net outflows on Friday, extending a five-day streak.
- Total outflows over the past five days reached approximately $1.72 billion.
- The current spot price of Bitcoin is $89,160, remaining below the psychological $100,000 mark since November.
- The Crypto Fear & Greed Index indicates an “Extreme Fear” score of 25, reflecting declining market sentiment.
- Crypto sentiment platform Santiment notes that retail traders are exiting while attention shifts to traditional assets.
The recent outflow trend from Bitcoin ETFs highlights a significant shift in investor sentiment as retail traders move towards traditional investments amid uncertainty in the crypto market.
With total ETF outflows at approximately $1.72 billion and Bitcoin’s price stagnant at $89,160, the market is currently navigating a challenging phase of investor confidence.(Source)
