🏦 Citi cuts BTC 12-month target price from $112,000 to $82,000
This is the most closely watched institutional downgrade of the year.
In its latest report, Citigroup adjusted its BTC 12-month target price from $112,000 to $82,000, and also delivered a sharper-than-usual forecast:
Over the next 12 months, the net inflow forecast for BTC spot ETFs: zero.
Why zero?
Citi’s logic is straightforward:
① The CLARITY Act is stuck, and legal barriers for large institutions to enter remain
② The Federal Reserve’s interest-rate environment makes institutional funds more inclined to stay in U.S. dollar assets
③ Retail confidence has been damaged; the continued selloff since the peak has shaken the “BTC must go up” narrative
$82,000 is not actually an especially bearish forecast—starting from today’s $62,500, there’s still about +31% upside.
But the prediction of “zero net inflows” is the part that deserves the most attention.
ETFs are the core incremental source of funding in this bull cycle—if this engine stalls...
Do you think Citi’s assessment is accurate?👇
#BTC #Citi #BinanceSquare