Citi Slashes Bitcoin Target Amid Weakening ETF Demand

Citi has reduced its 12-month Bitcoin target to $82,000 from $112,000. The bank cites weaker investor appetite and negative ETF flows as key factors behind this move.

The decision is significant because it shows how much of the institutional Bitcoin thesis still depends on spot ETFs attracting fresh capital.

Citi has also cut its Ether forecast to $2,240 and reduced its assumed net ETF inflows over the next 12 months to zero from a previous expectation of $10 billion. This is the real headline for crypto markets, as price targets are easy to debate but flow assumptions are harder to ignore.

The Bitcoin ETF launch era gave the market a clear institutional demand story, which helped support higher prices and stronger confidence. However, when flows turn negative, this structure works in reverse. Analysts do not simply mark down price targets because BTC fell; they mark them down because the demand model behind the price target has changed.