BlackRock CEO Larry Fink told CNBC in a July 15, 2026 appearance that he was “very optimistic” about the next 12 months, arguing that the sell-off in Bitcoin and Crypto was driven by excessive leverage and had led to greater stability.
His remarks came amid a sharp decline from Bitcoin’s October 2025 all-time high of $126,000, with the price hovering around $60,000 at the time of the report’s release.
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The Bitcoin leverage wash Blackrock Fink has been waiting for
Fink and Blackrock linked their optimism to the deleveraging that followed leverage risk in Bitcoin and crypto. “There were too many leveraged players. That’s why we had a washout, and I think there’s more stability at these levels here…I’m very bullish on the markets for the next 12 months.”
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“There were too many leveraged players in Bitcoin and crypto, which is why WE had to eliminate them”
He also says he is very optimistic about the markets for the next 12 months.
Is the bottom on… pic.twitter.com/CrhYewXl22
– Alexander the Great (@AlexKostner10) July 17, 2026
Mechanics matter here. When leveraged positions unwind, forced sales can accelerate the decline and trigger further liquidations. The result may appear catastrophic from the outside, but can also act as a risk reset: positions built on excessive leverage are liquidated, leaving comparatively more stable conditions for the next phase.
For retail traders, this is a useful framework. A drawdown caused by forced liquidations may be structurally different from a drawdown caused primarily by deteriorating fundamentals.
Fink made his upbeat comments in the same context as BlackRock’s quarterly results. During that period, BlackRock reported revenue up 31% year-over-year to $7.1 billion.
Adjusted operating profit margin reached nearly 46% and the company reported record assets under management of $15.3 trillion.
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Bitcoin Price Levels and Real Target Next
BTC sits at $62,935 on the daily chart, and the structure here shows a market that bottomed around $58,000 in mid-June and has been trying to stabilize ever since, but is struggling to move beyond the $64,000-$65,000 zone that has capped every rebound attempt over the past few weeks.
This $63,000-$64,000 zone marked by the red dotted line acts as a sticky resistance from below, and the price keeps pushing towards it and fails to close above it convincingly, which is the main problem with the current setup.
The trend of lower highs from the May high at $84,000 is still intact, and until that changes, this remains a market in a downtrend that is trying to find a bottom rather than a market that is confirming a reversal.
A daily close above $65,000 and hold is the first signal worth paying attention to, opening the way towards $68,000 and then $72,000 as the next resistance levels from the June breakout zone.
In contrast, the $58,000-$60,000 range is the floor that must be held, as that is where the most recent capitulation wick found buyers, and a break below puts BTC at its multi-year low with very little support below.
The rebound from $58,000 is real but unconfirmed, and $65,000 is the level that separates a real recovery attempt from another low in a market that has been hitting them regularly since January.
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The post Larry Fink Suggests Leveraging Wash as Argument for a 12-Month Bitcoin Bull Run appeared first on 99Bitcoins.
