According to data from Farside Investors, the Bitcoin ETF reversed the capital inflow trend at the beginning of 2026, with outflows occurring for three consecutive days. Year-to-date, the net outflow of funds has reached $1.128 billion. This shift, coupled with Bitcoin's price retreat from a recent high of $93,000 to around $90,000, indicates waning investor confidence. Analysts believe that the pressure on crypto assets stems from escalating geopolitical tensions, overvalued stock valuations, and concerns over the weakening US economy. These factors collectively have led to an increase in risk-averse sentiment among investors.