Citigroup's "bullish" stance hides a pullback? Institutions quietly lower target prices, hinting at a bigger storm.

On the surface, Citigroup is still optimistic, but the reality is clear—multiple crypto stocks have seen significant target price cuts.

This is not true "optimism" but rather a cautious reassessment of the market outlook. Notably: Circle's stock price has dropped to $83.6, yet the target price remains at $243; this nearly $200 gap is not a matter of faith, but rather a safety margin left by institutions.

Key information that most people overlook:

Bullish target prices have been cut by 13%, and institutional involvement in narratives may have cooled;

MicroStrategy's target price has plummeted by 33%, and even though the "buy" rating remains, institutions have quietly lowered their leverage expectations;

Citigroup emphasizes "increased volatility of tokens," which serves as a risk warning—the next wave of volatility may point to a deeper pullback.

Players must remain clear-headed: Institutional reports are not meant to boost you, but rather to plan retreat paths in advance. When "optimism" and "price cuts" occur simultaneously, it often means they are hedging against risks, and you may end up paying the price of that hedge.

The I Ching advises:

In the short term, do not chase high individual stocks mentioned by institutions; the good news has already been priced in;

Pay attention to the actual reserve risks of stablecoin issuers like USDC;

Maintain cash positions and wait for the market to price in the discrepancies in institutional expectations.

Institutions are quietly reassessing risks; are you still blindly buying in? The real signal is often hidden in the percentage of target price cuts, not in the light phrase "we remain optimistic." #美国初请失业金人数