BlackRock CEO Larry Fink, marking 50 years in finance, expressed a strongly bullish outlook for global markets over the next 12 months, driven by a technological revolution. In a wide-ranging interview, he noted that compute demand is accelerating rather than slowing, but U.S. supply remains insufficient—highlighting the immense capital pouring into AI infrastructure.
On cryptocurrencies, Fink addressed the sharp market swings, particularly the recent leverage-driven selloff. He stated that too much embedded leverage in crypto "had to wash out" and that the market now shows more stability at current levels. This view is supported by liquidation data: billions were wiped out during the flush, with the vast majority of losses coming from overleveraged long positions rather than panic selling. Fink emphasized that the overall leverage picture is not comparable to 2008, indicating a healthier, albeit still volatile, environment.
Bitcoin was trading around $62,850 at the time of reporting, having slipped from weekly highs near $65,000. Daily volume hovered near $27 billion, signaling trader engagement after the deleveraging event. Technically, bulls are defending the low $62,000 area—a zone that has attracted consistent bids—but need to reclaim the $64,500–$65,000 resistance to target $70,000. Analysts see three scenarios: a bullish breakout if institutional demand through ETFs stays strong; a base case of choppy consolidation between $62,000 and $65,000 awaiting macro catalysts; and a bearish case of another derivatives flush dragging BTC below $62,000.
Institutional flows, particularly into Bitcoin ETFs, are acting as the market’s scoreboard, with large investor positioning likely to dictate whether momentum returns or stalls. Fink’s bullish stance adds weight to the narrative that long-term institutional adoption is intact, despite short-term leverage shakeouts.
