Citi Cuts Bitcoin Target To $82,000 As ETF Demand Weakens
Summary
Citi cut its 12-month Bitcoin target to $82,000 from $112,000 and reduced its Ether forecast to $2,240, citing weaker investor demand, negative spot ETF flows, and slower U.S. regulatory progress. The bank also reportedly lowered assumed net ETF inflows over the next year to zero from $10 billion, signaling that the institutional Bitcoin case now depends heavily on whether ETFs can attract fresh capital. The revision suggests that when ETF inflows weaken, the demand model supporting higher crypto prices weakens too. Bitcoin may still trade above the new target, but without stronger ETF demand, better macro conditions, clearer U.S. legislation, or renewed long-term accumulation, momentum could remain fragile.
