Citi’s $113,000 twelve-month Bitcoin (BTC) forecast, reported by Reuters on Oct. 1, would require a roughly 36% gain from the Oct. 7 price of $83,085. That puts the horizon around autumn 2027, not a near-term target. Trading remains thin. @glassnode puts seven-day average daily spot and US ETF volume at about $6.8B, lower than on roughly 90% of days since January 2024. @FarsideUK shows $484.9M of US spot Bitcoin ETF net outflows on Oct. 7. Sustained buying remains unproven. Analysis by @akibablade https://cryptoslate.com/bitcoin-needs-a-36-rise-to-hit-citis-target-we-tested-the-demand-case/