Gate Research: Crypto ETF Outflows Persist as Citi Cuts 12-Month BTC and ETH Price Targets

• Market Commentary: BTC staged an intraday rebound from a low of 58,163 USDT to 61,324 USDT, gaining 2.46% over 24 hours. ETH also rebounded to 1,646 USDT and moved back above 1,600 USDT, though it remains in a broader repair phase. Altcoins recovered alongside majors, but the market has not yet entered a broad altcoin-led cycle.
• Key Data: Citi cut its 12-month targets for BTC and ETH and lowered its assumption for net ETF inflows over the next 12 months to zero, underscoring a more cautious institutional view on medium-term crypto pricing. Meanwhile, Robinhood Chain went live and simultaneously advanced tokenized stocks, perpetuals, and AI agent trading, signaling faster progress in on-chain financial infrastructure.
• This Week’s Focus: Tokenized assets still command a market capitalization of about $10.24 billion and remain highly concentrated. Crypto ETF flows stayed negative this week, though overall AUM remains elevated. Derivative positioning is still high, leaving the market in a consolidation phase marked by high open interest and lower volatility.
• Next Week to Watch: The market is expected to see about $642.51 million in token unlocks over the next 7 days, with HYPE, ENA, and RED as the key names to monitor. If localized liquidity is insufficient, higher-ratio unlocks could face clearer short-term selling pressure.

Discover more details today → Gate Research: Crypto ETF Outflows Persist as Citi Cuts 12-Month BTC and ETH Price Targets

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
July 2, 2026

Gateway to Crypto
Trade over 4,700 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves