BlackRock CEO Larry Fink told CNBC in a July 15, 2026, appearance that he is “very optimistic” for the next 12 months, arguing that the Bitcoin and Crypto sell-off was driven by excessive leverage and has led to greater stability.
His comments came amid a sharp decline 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.
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The Bitcoin Leverage Drop Blackrock Fink Had Been Waiting For
Fink and Blackrock linked their optimism to the deleveraging that followed leverage risk in Bitcoin and cryptocurrencies. “There were too many leverage players in this. That’s why we had the decline, and I think there’s more stability here at these levels… I’m very optimistic about the markets over the next 12 months.”
Did Blackrock CEO Larry Fink just admit that they were manipulating the cryptocurrency market? 👀
“There were too many leveraged players in Bitcoin and cryptocurrencies, that’s why WE had to eliminate them”
He also says he is very optimistic about the markets for the next 12 months.
Is the bottom in…? pic.twitter.com/CrhYewXl22
— Alexander the Great (@AlexKostner10) July 17, 2026
Mechanics matter here. When leveraged positions are liquidated, forced sales can accelerate the decline and trigger further liquidations. The result may look catastrophic from the outside, but it can also act as a risk reset: positions built on excessive leverage are eliminated, leaving comparatively more stable conditions for the next phase.
For retail traders, this is a useful framework. A drawdown driven by forced liquidations may be structurally different from a drawdown driven primarily by worsening fundamentals.
Fink made his bullish comments in the same context as BlackRock’s quarterly results. In that period, BlackRock reported revenue that increased 31% year over year to $7.1 billion.
Adjusted operating profit margin rose to nearly 46% and the company reported record assets under management of $15.3 trillion.
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Bitcoin Price Levels and Real Target Below
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 since then, but is struggling to break above the $64,000 to $65,000 zone that has been limiting every rebound attempt in recent weeks.
That $63,000 to $64,000 zone marked by the red dotted line is acting as a sticky resistance from below, and the price keeps pushing towards it and failing to close above it convincingly, which is the main problem with the current setup.
The pattern of lower highs from the May high of $84,000 remains intact and until that changes, this will continue to be a market in a downtrend trying to find a bottom rather than one that has confirmed a reversal.
A daily close above $65,000 and held 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.
On the downside, the $58,000 to $60,000 range is the floor to hold as that is where the most recent capitulation wick found buyers, and a break below puts BTC at multi-year lows with very little support underneath.
The bounce from $58,000 is real but unconfirmed, and $65,000 is the level that separates a genuine recovery attempt from another lower high in a market that has been steadily hitting them since January.
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