Spot Bitcoin ETFs see fifth straight day of outflows

[cryptoenthusiast]

Bitcoin is up 2.40% over the past 30 days. Source: CoinMarketCap

US-based spot Bitcoin exchange-traded funds recorded their fifth consecutive day of net outflows on Friday, signaling continued weakness in crypto market sentiment.

According to Farside data, spot Bitcoin ETFs saw $103.5 million in net outflows for the day. Over the five-day period — including a shortened US trading week due to Martin Luther King Jr. Day — total outflows reached approximately $1.72 billion.

Bitcoin was trading around $89,160 at the time of publication, having failed to reclaim the $100,000 level since Nov. 13. Market participants often track ETF flows as a barometer of retail sentiment and short-term direction for Bitcoin prices.

[johnblockbuster]

btc stuck under 100k again, guess the moon will have to wait a bit longer