Major Bank Cuts Bitcoin, Ether Targets as Crypto ETF Flows Turn Negative in 2026



A major investment bank slashed its 12-month forecasts for Bitcoin and Ether on Tuesday, citing weakening investor appetite and negative exchange-traded fund flows.

Bitcoin’s target dropped from 112,000 to 82,000 dollars. Ether’s target was cut from 3,175 to 2,240 dollars. The bank said lack of progress on U.S. digital asset legislation also hurt the outlook for the two largest cryptocurrencies.

Bitcoin was last trading at 58,864.27 dollars, its weakest level since September 2024. That’s down 50% from its peak. Ether traded at 1,585 dollars.

Spot Bitcoin ETFs have seen 3.3 billion dollars in outflows this year, despite topping 200 million dollars in daily inflows on July 3 for the first time since May. Bitcoin’s profit and loss ratio also fell to a 43-month low, signaling holder capitulation.

The bank’s bear case scenario: BTC 53,000, ETH 1,094 dollars. Analysts noted that ETF momentum stalled after U.S. lawmakers failed to advance crypto legislation before the July 4th recess.

This is not financial advice.

#CryptoNews #Bitcoin #Ethereum #CryptoMarket #CryptoETF
BTC0.23%
ETH0.50%
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