🚨$1.2T CITI CUTS EXPECTED ETF INFLOWS FROM $10B TO ZERO
Citi lowered its expected ETF inflows to zero over the next 12 months, down from its earlier $10B forecast.
The bank also cut its 12-month BTC target from $112K to $82K and ETH from $3,175 to $2,240.
In Citi’s bear case, BTC could fall to $53K and ETH to $1,094 assuming recessionary macroeconomic conditions and continued ETF outflows.
$BTC $ETH
BitcoinSlidesTo$59250
Citi lowered its expected ETF inflows to zero over the next 12 months, down from its earlier $10B forecast.
The bank also cut its 12-month BTC target from $112K to $82K and ETH from $3,175 to $2,240.
In Citi’s bear case, BTC could fall to $53K and ETH to $1,094 assuming recessionary macroeconomic conditions and continued ETF outflows.
$BTC $ETH
BitcoinSlidesTo$59250