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Larry Fink Points to Leverage Washout as Case for 12-Month Bitcoin Bull Run
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BlackRock CEO Larry Fink told CNBC in a July 15, 2026, appearance that he is “bullish” for the next 12 months, arguing that the Bitcoin and Crypto selloff was driven by excessive leverage and has led to greater stability.
Key facts
- His remarks landed amid a sharp drawdown from Bitcoin’s October 2025 all-time high of $126,000, with the price around the $60,000 area at the time of the report
- A daily close above $65,000 and held is the first signal worth paying attention to, opening the path toward $68,000 and then $72,000 as the next resistance levels from the June breakdown zone
- BlackRock CEO Larry Fink told CNBC in a July 15, 2026, appearance that he is “bullish” for the next 12 months, arguing that the Bitcoin and Crypto selloff was driven by excessive leverage and has led
- On the downside, the $58,000 to $60,000 range is the floor that needs to hold, as that is where the most recent capitulation wick found buyers, and a break below it puts BTC at multi-year lows
Summary
His remarks landed amid a sharp drawdown from Bitcoin’s October 2025 all-time high of $126,000, with the price around the $60,000 area at the time of the report. Fink and Blackrock tied his bullishness to the deleveraging that followed leverage risk in Bitcoin and crypto. Did Larry Fink, CEO of Blackrock, admit they were manipulating the crypto market? . “There was too much leverage players in Bitcoin and crypto, that’s why WE had to wash them out”