[Citibank: Slowdown in Bitcoin ETF Inflows Drags Down Crypto Market Performance] Citibank analysis indicates that despite strong stock market performance, the cryptocurrency market has remained weak recently, with October's liquidation wave significantly impacting investor confidence. The October 10 sell-off event led to a decline in risk appetite among leveraged traders and new spot Bitcoin ETF investors, with the latter reducing their capital inflows. The slowdown in spot Bitcoin ETF inflows has weakened a key support factor for market optimism. On-chain data shows a decrease in the number of large Bitcoin holders, an increase in small retail wallets, and a drop in funding rates, suggesting that long-term investors may be selling off and leveraged demand is diminishing. Additionally, Bitcoin falling below the 200-day moving average has further suppressed market demand. Citibank believes that spot ETF capital flows are an important indicator of sentiment in the crypto market and also points out that tightening bank liquidity could exacerbate market weakness.