Citi Cuts Bitcoin Target To $82,000 As ETF Demand Weakens

Citi reduced its 12-month Bitcoin target to $82,000 from $112,000, citing weaker investor demand, negative ETF flows, and slower U.S. regulations. The bank also lowered its assumed net ETF inflows to zero from $10 billion, highlighting the importance of ETF demand for institutional Bitcoin investment. This revision reflects a shift in the market's reliance on ETF flows for price support.