US Spot Bitcoin ETFs Post $90M Net Outflow as BTC Slips Below $86,000

The reversal matters less than the direction of travel: two days of inflows were not enough to hold, and the outflow landed alongside a price break rather than causing it. That pattern points to ETF flows as a follower of spot sentiment right now, not a stabilizer. The depth of the drawdown from the October high is the more telling figure, since it frames how much conviction has already been spent. Whether the outflow is a one-day blip or the start of a sustained exit is the open question.