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Bitcoin has ‘largely purged’ froth that preceded 50% drop from $126K: BlackRock

Bitcoin (BTC) falling more than 50% from its $126,200 all-time high was a “positioning correction,” BlackRock says. Key points: A BlackRock report attributes Bitcoin’s decline below $60,000 to cascading liquidations as leverage was purged from the market.

By AI NewsroomPublished 4 days agoUpdated 40 minutes ago2 views

Bitcoin has ‘largely purged’ froth that preceded 50% drop from $126K: BlackRock

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Key Facts

Fact 1: Bitcoin (BTC) falling more than 50% from its $126,200 all-time high was a “positioning correction,” BlackRock says.
Fact 2: Key points: A BlackRock report attributes Bitcoin’s decline below $60,000 to cascading liquidations as leverage was purged from the market.
Fact 3: BlackRock predicts falling correlation of BTC with risk assets In a report published this week, the world’s largest asset manager preserved its bull thesis despite waves of outflows from its spot Bitcoin exchange-traded fund (ETF) in 2026.
Fact 4: BlackRock’s iShares Bitcoin Trust (IBIT) saw net outflows of $78.9 million in the week through Aug.

The long-term BTC investment thesis as a “low-correlation diversifier” remains intact, analysts confirm. BlackRock sees Bitcoin’s risk-asset correlation declining as time goes on. BlackRock predicts falling correlation of BTC with risk assets In a report published this week, the world’s largest asset manager preserved its bull thesis despite waves of outflows from its spot Bitcoin exchange-traded fund (ETF) in 2026.

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has bitcoin blackrock largely purged froth preceded drop

Original source: Cointelegraph — Bitcoin