Citi: Bitcoin Halving Period is Affecting, ETF Exits are Increasing

Bitcoin ETF Withdrawals Exceed 4 Billion Dollars

Citigroup reported that withdrawals from Bitcoin exchange-traded funds (ETFs) have reached nearly 4 billion dollars since October 10. Long-term investors have become cautious as the market enters the second year of a historically weak halving cycle.

Decline Expectations Without ETF Re-Entries

Citigroup forecasts that without renewed ETF inflows, Bitcoin could drift to 82,000 dollars in a year-end decline scenario.