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.

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. Bitcoin ETFs finished the recent week with just $33.8 million in net inflows, the softest of three consecutive positive weeks, following $75.7 million the week before and $197.4 million the week prior to that.

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