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

Bitcoin ETF Outflows Exceed 4 Billion Dollars

Citigroup reported that outflows from Bitcoin exchange-traded funds (ETFs) have reached nearly 4 billion dollars since October 10. Long-term investors have begun to behave cautiously as they enter the second year of the historically weak halving cycle.

Expectations of Decline Without ETF Re-Entries

Citigroup predicts that without renewed ETF inflows, Bitcoin could drift to 82,000 dollars by the end of the year in a downtrend scenario.