7 0
Bitcoin ETFs Lose $1.72 Billion Amid Investor Pullback in 5 Days
US-based spot Bitcoin exchange-traded funds (ETFs) saw outflows for the fifth consecutive day, totaling approximately $1.72 billion over the period. On Friday alone, around $103.5 million was withdrawn.
- Bitcoin traded near $89,160, below the $100,000 mark seen on November 13, indicating cautious investor behavior.
- ETF outflows may not only signify retail selling but also institutional rebalancing or tactical fund moves.
- The recent market activity was concentrated due to a four-day trading week in the US, influenced by Martin Luther King Jr. Day.
Market Sentiment and Alternative Assets
- The Crypto Fear & Greed Index showed an Extreme Fear score of 25, reflecting wary sentiment among traders.
- Gold and silver prices rose, with gold nearing $5,000 and silver approaching $100, adding pressure on confidence in crypto markets.
Bitcoin Price Movements
- Bitcoin's price fluctuated between $89,000 and $90,000 amid geopolitical tensions and trade concerns.
- Political indicators, such as tariff threats, affected market reactions more than direct conflicts.
Investor Caution and Potential Stabilization
- Bitcoin is behaving like a risk asset, aligning with equity movements during financial disruptions.
- Investors are evaluating short-term political risks against long-term macro trends and institutional interests.
- On-chain supply distribution and social indicators suggest reduced selling pressure, potentially stabilizing the market.
