Citi slashed their $BTC 12-month target from $112K to $82K.

Reason? Crypto ETF flows flipped negative.

TradFi banks adjusting models when paper hands dump spot ETFs. Classic.

Meanwhile, on-chain holders aren't budging. Watch the divergence between institutional fear and retail/whale conviction.

If you're trading off bank forecasts in 2025, you're already behind.