Citi raised its price targets for Bitcoin and Ether, citing market recovery and potential inflows, while maintaining a neutral stance on Galaxy Digital.
The cryptocurrency market saw $694 million in long positions liquidated within 24 hours, significantly impacting Bitcoin and Ether derivatives.
A sudden market reversal on October 7, 2026, triggered up to $609 million in liquidations, with Ether long positions bearing the brunt of the losses.
US spot Bitcoin ETFs saw $89.9 million in outflows on Monday, ending a two-day inflow streak as Bitcoin trades 32% below its 2025 record high.
Citigroup has raised its 12-month price targets for Bitcoin and Ether, projecting $5 billion in inflows as financial institutions increase their crypto allocations.
US spot Bitcoin ETFs have extended their inflow streak to $3.1 billion, while Ether and Zcash funds shifted to net outflows.
The CFTC is investigating unusual trading patterns on Kalshi’s newly launched Ether perpetual futures market following reports of repetitive, fixed-size orders.
The CFTC is investigating Kalshi after nearly one million ether perpetual futures trades, totaling over $5 billion, showed identical volume patterns.
Bitmine has staked over 5 million ETH from its $15.8 billion treasury, projecting $334 million in annual revenue as it continues to accumulate Ether.
A massive liquidation of short positions triggered an 8.3% surge in Ether, pushing the token above $2,600 for the first time in months.
Corporate Bitcoin accumulation and institutional stablecoin development are accelerating as markets recover and regulatory frameworks evolve.
