Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Citigroup Warns of Bitcoin Halving
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Citigroup Warns of Bitcoin Halving
Citigroup Warns of Bitcoin Halving-Season Chill as Prices Sink, ETF Outflows Near $4B
Citigroup Warns of Bitcoin Halving-Season Chill as Prices Sink, ETF Outflows Near $4B
Crypto is stuck in a second-year post-halving slump, with ETF outflows and jittery long-term holders pushing bitcoin toward the bank’s bear-case outlook.
By Will Canny, AI Boost|Edited by Stephen Alpher
Updated Nov 24, 2025, 2:31 p.m. Published Nov 24, 2025, 1:52 p.m.
Bitcoin sinks as ETF outflows mount, Wall Street bank Citi warns of halving-season chill. (Pixabay, modified by CoinDesk)
What to know:
- Citi said bitcoin exchange-traded fund outflows have reached nearly $4 billion since Oct. 10.
- Long-term holders are growing cautious as the historically weak second year of the halving cycle sets in.
- Without renewed ETF inflows, the bank sees bitcoin drifting toward its $82K year-end bear case.
Wall Street bank Citigroup said crypto’s October futures wipeout shattered sentiment, sparking nearly $4 billion in bitcoin BTC$86,018.17 exchange-traded fund outflows and erasing year-to-date gains.
With fresh flows drying up, bitcoin has slipped back toward the average cost basis of ETF holders and is trading more like Citi’s bear case than its base scenario.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The bank said long-term holders are increasingly uneasy as the market enters the historically weak second year of the halving cycle, with on-chain data showing older supply moving and large wallets trimming positions.
Risk appetite has evaporated across majors since the early-Oct. flash crash tied to broader macro stress, leaving bitcoin underperforming its usual drivers and lacking near-term catalysts unless equities rebound or Washington’s digital-asset legislation advances, analyst Alex Saunders wrote in the Friday report.
Interest hasn’t disappeared, Saunders said, but long-term holders are defensive and newcomers see little reason to step in while bitcoin trades below key technical levels.
Saunders expected $7.5 billion in ETF inflows by year-end, but negative flows now place bitcoin near the bank’s $82,000 bear-case view.
The firm sees $80,000 as a pivotal level for ETF holders and says a regulatory breakthrough next year could restore demand, keeping its 12-month targets unchanged at $25 billion in flows and a bitcoin price of $181,000.
Bitcoin was trading around $86,500 at publication time.
Read more: Bitcoin Weakness Sends a Warning to Stocks, but Liquidity May Soon Turn, Citi Says
Bitcoin NewsETFsCiti
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Investors Should Buy the Dip in Coinbase and Circle, Says William Blair
The latest crypto slide has created an attractive entry point for the two companies' stocks, with core USDC and bitcoin theses still intact.
What to know:
- William Blair said the selloff in Coinbase and Circle is a buying opportunity despite market turbulence.
- The bank argued that bitcoin’s weakness reflects early-stage market structure, not a breakdown of its long-term value case.
- Growing USDC stability and recurring revenue give Coinbase increasing insulation from crypto drawdowns, according to the report.
Read full story
Latest Crypto News
BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply
CoinDesk 20 Performance Update: Hedera (HBAR) Gains 11.3%, Leading the Index Higher
Monad Blockchain Goes Live With 100B Token Supply and Airdrop
Investors Should Buy the Dip in Coinbase and Circle, Says William Blair
Strategy Apparently Paused Bitcoin Accumulation Last Week
Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates
Top Stories
BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply
Monad Blockchain Goes Live With 100B Token Supply and Airdrop
Bitcoin ETFs, Led by BlackRock's IBIT, See Record $40B Trading Volume as Institutions Capitulate
Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg
Where Next?: Crypto Daybook Americas
DOGE Beats the Blue Chips as D.O.G.E Calls It Quits
Market Opportunity
NEAR Price(NEAR)
$1.581
$1.581$1.581
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Zero Knowledge Proof Auction Limits Large Buyers to $50K: Experts Forecast 200x to 10,000x ROI
In most token sales, the fastest and richest participants win. Large buyers jump in early, take most of the supply, and control the market before regular people
Share
LiveBitcoinNews2026/01/19 08:00
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32
Dogecoin (DOGE) and Shiba Inu (SHIB) Likely to Underperform as Capital Flows to New Token Set to Explode 19365%
The cryptocurrency market is entering a decisive phase, where legacy meme coins like Dogecoin and Shiba Inu continue to command recognition but may face diminishing returns compared to newer entrants. Capital flow data and presale activity suggest that investors are increasingly looking beyond the familiar names, with Little Pepe emerging as one of the most [...] The post Dogecoin (DOGE) and Shiba Inu (SHIB) Likely to Underperform as Capital Flows to New Token Set to Explode 19365% appeared first on Blockonomi.
Share
Blockonomi2025/09/18 04:00