Markets· ★★★★· bearish·

BlackRock's Fink warns Bitcoin's leverage problem raises crash risks

  • —Fink called Bitcoin an "asset of fear" at the DealBook Summit on December 3, 2025
  • —IBIT has pulled in more than $65 billion in cumulative inflows since its January 2024 launch
  • —IBIT has gone through three drawdowns of up to 25% since launch
  • —Bitcoin fell from above $125,000 to below $90,000 in October 2025 as leverage unwound
Why it matters: A warning from the head of the largest spot Bitcoin ETF highlights how leverage can amplify selloffs even when long-term buyers are present.
#BTC
Source: Crypto Briefing
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