The crypto market has suffered a sharp risk-off reversal, plunging sharply as a combination of hawkish macroeconomic data, technical liquidations, and heavy spot ETF outflows wiped out over $1 billion in derivatives positions across a brutal 24-hour window.
Financial heavyweight Citi has officially revised its long-term price target for Bitcoin to $113,000, pointing to a powerful structural reversal in exchange-traded fund (ETF) flows and deepening macroeconomic integration as primary catalysts.
Following a brutal six-month correction from its 2025 highs, Ethereum (ETH) has captured market attention by consolidating near the critical $1,900 support level.