US-based spot Bitcoin ETFs have recorded a five-day streak of outflows, totaling approximately $1.72 billion, as market sentiment remains cautious. On Friday alone, these funds saw $103.5 million in net withdrawals, according to data from Farside. This trend reflects a broader risk-off sentiment in the crypto market, with Bitcoin's price hovering around $89,160, struggling to reclaim the $100,000 level last seen in November. The persistent outflows from Bitcoin ETFs are seen as a barometer for retail interest and potential price direction. The Crypto Fear & Greed Index has been in "Extreme Fear" territory, indicating a risk-averse stance among investors. Analysts suggest that while the market is in a phase of uncertainty, a potential reversal could occur if macro conditions improve and on-chain metrics show positive signs.