US-based spot Bitcoin exchange-traded funds (ETFs) have extended their outflow streak to five days as crypto market sentiment continues to wane.<\/p>\n
Spot Bitcoin (BTC<\/a>) ETFs posted $103.5 million in net outflows on Friday, continuing an outflow streak that began the previous Friday. <\/p>\n Over the five days, including the four-day trading week in the US shortened by Martin Luther King Jr. Day on Monday, total outflows reached approximately $1.72 billion, according<\/a> to Farside data.<\/p>\n The spot price of Bitcoin is $89,160 at the time of publication, having not been above the psychological $100,000 price level since Nov. 13, according<\/a> to CoinMarketCap. <\/p>\n Market participants often watch spot Bitcoin ETF flows to gauge retail investor sentiment and look for clues on where the trend might head for Bitcoin in the coming weeks.<\/p>\n It comes as broader crypto market sentiment has been declining in recent times. <\/p>\n The Crypto Fear & Greed Index<\/a>, which measures overall crypto market sentiment, posted an \u201cExtreme Fear\u201d score of 25 in its update on Sunday.<\/p>\n Crypto sentiment platform Santiment said<\/a> in a report on Saturday that the crypto market is in \u201ca phase of uncertainty.\u201d <\/p>\n \u201cRetail traders are heading for the exits, while money and attention are flowing to more traditional assets,\u201d Santiment said, arguing that a turnaround from the current downside may be a near-term possibility.<\/p>\n \u201cAt the same time, quieter signals like supply distribution and the lack of social chatter hint that a bottom may be taking shape,\u201d Santiment said.<\/p>\n \u201cThe best move is probably patience.\u201d<\/p><\/blockquote>\n Meanwhile, global macro research company The Bitcoin Layer founder, Nik Bhatia, said<\/a> in an X post on Saturday that the dwindling sentiment may be partly driven by recent surges in metal prices.<\/p>\n <\/template><\/p>\n \u201cWith 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,\u201d Bhatia said.<\/p>\n Related: <\/strong><\/em>Bitcoin nodes running BIP-110 crosses 2% as spam wars heat up<\/strong><\/em><\/a><\/p>\n \u201cI am bullish but the painful type where fear dominates and you have to push through it,\u201d Bhatia added.<\/p>\n Crypto analyst Bob Loukas said<\/a> that \u201csentiment is in the gutter and we could argue overdue some type of strong countertrend rally.\u201d<\/p>\n Magazine: <\/strong><\/em>A \u2018tsunami\u2019 of wealth is headed for crypto: Nansen\u2019s Alex Svanevik<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n![\"bitcoins](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019bf2ab-4140-71f2-9f44-78e6f16a0d52.png\")
Bitcoins The crypto market is in a \u201cphase of uncertainty,\u201d says Santiment<\/h2>\n
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