Bitcoin · Bitcoin ETF · Bitcoin Magazine
Citi Slashes Bitcoin Target to $82,000 as ETF Money Heads for the Exits
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Citi sharply lowered its 12-month Bitcoin price target to $82,000, citing collapsing ETF demand, weaker investor sentiment and delayed U.S. crypto legislation.
Key facts
- Bitcoin currently trades at $60,041, up $1,698 (2.91%) on the day, per the live chart dated July 1, 2026
- That is a big swing, and it reflects what has happened in the funds themselves: BTC ETFs have shed roughly $3.3 billion in 2026, and June alone saw $4 billion walk out the door, the worst month
- Over the past 24 hours it swung between a low of $57,717.55 and a high of $60,473.99, with the biggest push coming after 9:00 a.m., when price broke from around $58,500 up past $60,400
- The bank now sees bitcoin at $82,000 a year out, down from $112,000
Summary
Citigroup took a red pen to its crypto forecasts on Tuesday, cutting its 12-month price targets for bitcoin after the ETF flows that carried the market higher went into reverse. The bank now sees bitcoin at $82,000 a year out, down from $112,000. What changed most is how Citi thinks about Bitcoin ETFs. That is a big swing, and it reflects what has happened in the funds themselves: BTC ETFs have shed roughly $3.3 billion in 2026, and June alone saw $4 billion walk out the door, the worst month on record for the products.