US Spot Bitcoin ETFs saw a net outflow of $4.5 billions in June, marking their worst monthly performance since launch.
Citi lowered its 12-month price target for Bitcoin from $112,000 to $82,000; previously, it was reduced from $143,000 on March 17. Citi also cut Ethereum's 12-month price target from $3,175 to $2,240.
Strategy sold 32 Bitcoins, worth approximately $2.5 million, between May 26 and May 31—the first sale since December 2022. As of May 31, it held 843,706 Bitcoins, with the board approving a framework for up to $1.25 billion in Bitcoin sales.
Open interest in leveraged Bitcoin futures dropped from about $31.3 billion around May 30 to roughly $21.6 billion in early June. Over two weeks, major holders increased their holdings by more than 270,000 Bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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