According to Reuters, Citi cut its 12-month forecasts for bitcoin and ether, lowering its bitcoin target from $112,000 to $82,000 and its ether target from $3,175 to $2,240. Citi also reduced its expected ETF net inflows over the next 12 months from $10 billion to zero, citing recently negative ETF flows, about $3.3 billion in bitcoin ETF outflows so far this year, slow progress on U.S. crypto legislation, and concerns over potential bitcoin selling by digital asset treasury companies.