Bitcoin ETFs see $1.72B outflows over five sessions

US-based spot bitcoin exchange-traded funds recorded net outflows for a fifth consecutive trading session.

Around $103.5 million exited bitcoin ETFs on Friday alone, according to Farside data.

Total outflows over the past five sessions have reached approximately $1.72 billion.

Bitcoin was trading near $89,160 at the time of the data, remaining well below the $100,000 level reached in November.

Analysts noted that ETF outflows can reflect institutional portfolio rebalancing rather than purely retail selling.

Trading activity was compressed into fewer sessions due to the Martin Luther King Jr. Day market holiday.

Crypto market sentiment weakened further, with the Crypto Fear and Greed Index falling into the extreme fear zone.

Market observers said retail interest has faded as attention shifts toward traditional assets.

Gold traded close to $5,000 and silver approached $100, drawing capital toward precious metals.

Bitcoin slipped below the $89,000 to $90,000 range amid renewed geopolitical and trade-related uncertainty.

Analysts said bitcoin continues to trade like a risk asset, falling during periods of heightened macro stress.