Sui rises 2.35% as Citi raises Bitcoin target to $113,000

  • Citigroup raised its 12-month Bitcoin target to $113,000 and Ethereum target to $3,028.
  • Citigroup forecasts $5 billion of ETF inflows over 12 months after previously assuming zero.
  • U.S. spot Bitcoin ETFs recorded $148.69 million of net outflows on September 30.

Sui rose 2.35% to $1.20 as Bitcoin gained 2.79%, while Citigroup raised its 12-month Bitcoin target to $113,000 from $82,000 and its Ethereum target to $3,028 from $2,240. Citi now expects $5 billion of ETF inflows over 12 months as advisers and brokerages gradually increase Bitcoin allocations, replacing the zero-inflow assumption adopted in its June 30 outlook. Analyst Alex Saunders cited improvements in activity, macroeconomic conditions and ETF flows, alongside debasement concerns and SEC rulemaking after the failed Clarity Act. The outlook faced an immediate challenge when U.S. spot Bitcoin ETFs recorded $148.69 million of outflows on September 30. Bitcoin traded at $84,591, leaving Citi's target about 34% above the market price, while Ethereum traded at $2,699.46, implying roughly 12% upside. Sui remained above $1.14 support, with Ali Charts watching for an hourly close above $1.27 toward the recent $1.29 swing high; the setup remains unconfirmed. Sui's gasless stablecoin transfers and its work with OpenAssets on a tokenized-asset standard provided additional ecosystem context.

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