1 month ago
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Key Takeaways
- Citi cut its 12-month Bitcoin target to $82,000 from $112,000, and ETH to $2,240 from $3,175.
- The main driver was cutting its assumed 12-month ETF inflows to zero from $10 billion.
- Even after the cut, both targets sit roughly 39-41% above current prices.
- It’s a flow-model recalibration, not a call for further downside.
In a note shared by Reuters, the bank lowered its 12-month Bitcoin target to $82,000 from $112,000, a cut of roughly 27%, and trimmed its Ether target to $2,240 from $3,175, down about 29%.
The Mechanical Driver: ETF Inflows Cut to Zero
The revision comes down to one modeling decision. Citi cut its 12-month net ETF inflo...
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