1
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.
- 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.
BlackRock’s iShares Bitcoin Trust (IBIT) saw net outflows of $78.9 million in the week through Aug. 14. Across all ETF products, outflows totaled $267.2 million.
“We view bitcoin’s ~50% pullback from October 2025 highs as a positioning correction rather than…
