Svmuu News: The U.S. spot Bitcoin ETF saw net outflows of $4.5 billion in June, marking its worst monthly performance since its launch in January 2024. The Bitcoin fell 20.48% in June and hit a 21-month low of $58,190 on July 1.
Citi lowered its 12-month price target for Bitcoin from $112,000 to $82,000, following a previous reduction from $143,000 on March 17.Citi also lowered its 12-month price target for Ethereum from $3,175 to $2,240.
Strategy sold 32 Bitcoin between May 26 and 31, worth approximately $2.5 million, marking its first sale since December 2022.As of May 31, it held 843,706 Bitcoin, and the board approved a framework for the sale of up to $1.25 billion worth of Bitcoin.
Open interest in leveraged Bitcoin futures fell from approximately $31.3 billion around May 30 to about $21.6 billion in early June. Over the course of two weeks, major holders increased their holdings by more than 270,000 Bitcoin.