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BlackRock Says Bitcoin ‘Froth’ Has Been Cleared After $126K to $63K Drop
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BITRSSBlackRock Says Bitcoin ‘Froth’ Has Been Cleared After $126K to $63K Drop
BlackRock says Bitcoin’s steep drawdown from recent highs is best understood as a market “positioning correction” driven by leverage unwinds—rather than a fundamental break in the investment case for long-term holders. In a report published this week, the asset manager argues that cascading liquidations amplified downside moves as speculative exposure was purged, while broader ETP outflows and demand dynamics played supporting roles. The firm al…
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