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Citi Warns Crypto Liquidations Are Shaking Investor Confidence

Crypto News

Citi analysts said the latest weakness in the cryptocurrency market is happening despite healthy equity performance.

That’s according to a report Wednesday (Nov. 6) from Coindesk, citing analysts from the Wall Street bank who say that sharp liquidations last month had left investors feeling less confident, including those investing in newer spot exchange-traded funds (ETF).

As the report noted, flows into U.S. spot bitcoin ETFs have slowed considerably in recent weeks, hindering what the analysts dubbed a crucial pillar of support for its positive outlook.

The analysts also pointed out that the number of large bitcoin holders has waned while smaller retail wallets keep rising, signaling that some long-term investors could be…

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