Citibank has significantly reduced its 12-month price forecasts for Bitcoin and Ethereum, citing ongoing net outflows from spot ETFs and a weakened investor risk appetite. The bank lowered its Bitcoin target from $112,000 to $82,000 and Ethereum from $3,175 to $2,240. Citibank also revised its expected net ETF inflows over the next year from $10 billion to zero, with Bitcoin ETFs experiencing net outflows of approximately $3.3 billion year-to-date. In a more pessimistic scenario, Citibank projects Bitcoin could fall to $53,000 and Ethereum to $1,094.