Softer U.S. inflation data failed to trigger a sustained rebound, while spot Bitcoin ETFs recorded two consecutive days of outflows totaling about $192 million, adding to near-term pressure.

The Crypto Fear & Greed Index stood at 38, remaining in the “Fear” zone and reflecting cautious sentiment across the market.

Bitcoin ETF Outflows Hit $117M Over Three Days as Institutions Rotate Into Defensive Positions

Why it matters: Sustained outflows reflect weakening institutional confidence in Bitcoin’s near-term trajectory, likely tied to macro headwinds or technical pressure. Ethereum ETF’s counter-trend inflows indicate intra-crypto rotation rather than wholesale exit, suggesting institutions remain bullish on select sectors.