Bitcoin Is Down Over 50%, but BlackRock Stays Bullish Buy the Dip or Stay Cautious?
- BlackRock links Bitcoin’s 53% crash to heavy deleveraging, not a change in its thesis.
- Bitcoin ETF outflows and AI fund inflows added selling pressure after the October peak.
- BlackRock still views Bitcoin as a diversifier, while sharp volatility remains a risk.
Bitcoin price fell more than 50% from its October 2025 record, but BlackRock maintains that the pullback has not altered its long-term investment case. The firm attributes the decline to heavy leverage, forced liquidations, weaker fund flows, and shifting market liquidity.
BTC reached $124,606 after a roughly 690% rise from its late-2022 low. It then dropped to $58,642 in early June 2026, marking a 53% peak-to-trough decline. BlackRock calls the move a positioning correction rather than a change in Bitcoin’s investment thesis.
Source: BlackRock
Heavy Leverage Set Up the Bitcoin Crash
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