Citi’s decision to trim its 12‑month price targets for Bitcoin and Ethereum comes after a sharp pullback in assets held by crypto‑exchange‑traded funds. The bank cited negative ETF flows as the main driver, implying that institutional investors are pulling back from the market’s most liquid vehicles. For everyday traders, this is a reminder that the health of the broader crypto ecosystem is still closely tied to the actions of large institutional players.
At the moment, Bitcoin sits just above the $60,000 mark, up about 1.8 % in the last day, while Ethereum is trading near $1,613, up roughly 2.7 %. Those gains are modest, but they show that the market can still rally even when institutional sentiment turns sour. The fear‑greed index, however, is in the “extreme fear” zone, indicating that many