US-based spot Bitcoin exchange-traded funds (ETFs) have seen five consecutive days of outflows totaling $1.72 billion. Bitcoin price currently at $89,160, up 2.40% in the last 30 days. Market sentiment is declining, with the Crypto Fear & Greed Index at an “Extreme Fear” score of 25. Santiment reports the market is in a phase of uncertainty. The sentiment may be impacted by surges in metal prices, according to The Bitcoin Layer founder Nik Bhatia. Analysts suggest a potential strong countertrend rally in the near future.

Read more at Cointelegraph: Bitcoin ETFs Lose $1.72B in Five-Day Outflow Streak