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Woofun AI data shows that US spot Bitcoin ETFs experienced a net outflow of $4.5 billion in June, representing the largest monthly decline since their January 2024 inception. During this period, Bitcoin prices fell 20.48%, reaching a 21-month low of $58,190 on July 1.
Citigroup reduced its 12-month Bitcoin price target from $112,000 to $82,000 and cut its Ethereum target from $3,175 to $2,240. Strategy sold 32 Bitcoins for approximately $2.5 million between May 26 and 31, its first sale since December 2022, while holding 843,706 Bitcoins as of May 31. Leveraged Bitcoin futures open interest dropped from $31.3 billion to $21.6 billion, even as major holders added over 270,000 Bitcoins within two weeks.