According to Citigroup, recent leveraged long liquidations show Bitcoin’s dependence on equity markets due to intensified U.S.-China trade tensions. A swift futures selloff led to Bitcoin’s value plummeting, illustrating its volatility.
Bitcoin is currently valued around 111,700 USD, with projections for BTC set at 181,000 USD in the next year. Citi’s confidence in Bitcoin and Ethereum remains strong despite market fluctuations, supported by ongoing ETF inflows.
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