Has Crypto Finally Exhausted Wall Street? Time to Buy The Dip as BTC ETF Hit 2024 Lows

Bitcoin (BTC) price is trading near $65,100 as Wall Street’s patience wears visibly thin, and the Bitcoin ETF data is starting to look ugly.

Spot Bitcoin exchange-traded fund (ETF) weekly trading volume just hit its lowest level for a full five-session week since October 2024, clocking in at roughly $8.05 billion, a 14% drop from $9.37 billion the prior week. That’s not a blip, it’s a trend.

Citigroup moved first among major banks, slashing its 12-month Bitcoin target to $82,000 from $112,000 and its Ethereum target to $2,240 from $3,175, explicitly citing negative ETF flows and stalled U.S. digital asset legislation.

Whether this is capitulation or a genuine pause defines the entire trade from here. Source: SoSoValue Can Bitcoin Recover From 2024-Low ETF Volume, or Is the Bull Run on Ice? The volume collapse tells one story. The flow data tells a messier one.