Citi Cuts Bitcoin Target to $82,000 From $143,000, Eliminates ETF Inflow Assumption

BTC1.10%
According to Citi, as of July 2026, the bank cut its 12-month Bitcoin target from $143,000 to $82,000 after removing its $10 billion net ETF inflow assumption, citing negative fund flows as a key driver. Bitcoin trades near $64,020 on July 13, down roughly 46.6% over twelve months. June 2026 marked the worst month on record for US spot Bitcoin ETFs, with roughly $4.5 billion of net outflows. Year-to-date, Bitcoin ETFs have shed approximately $3.3 billion. Charles Schwab estimates less-efficient miners' production cost at roughly $95,000, currently 33% above spot.
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