โ ๏ธ BlackRock restricts withdrawals from credit fund to $26b (Bloomberg)
Investors have started to massively pull money out of BlackRockโs HPS Corporate Lending Fund, which invests in the private credit market.
โช๏ธ Investors requested withdrawals of 9.3% of assets
โช๏ธ Managers allowed only 5% to be withdrawn
โช๏ธ Instead of ~$1.2 billion, investors will receive about $620 million
Investor anxiety is growing in the $1.8 trillion private credit market.
Following the news, BlackRockโs shares dropped more than 7%, and other private credit sector managers also came under pressure.
@Cryptoz
Investors have started to massively pull money out of BlackRockโs HPS Corporate Lending Fund, which invests in the private credit market.
โช๏ธ Investors requested withdrawals of 9.3% of assets
โช๏ธ Managers allowed only 5% to be withdrawn
โช๏ธ Instead of ~$1.2 billion, investors will receive about $620 million
Investor anxiety is growing in the $1.8 trillion private credit market.
Following the news, BlackRockโs shares dropped more than 7%, and other private credit sector managers also came under pressure.
@Cryptoz
โค2
๐ท Could Bitcoin reach $500,000?
A popular chart circulating on X suggests that Bitcoin is currently testing a multi-year trendline that has historically marked major market bottoms on the monthly timeframe.
According to this analysis, BTC approaching this long-term support could indicate that the market is close to forming a macro bottom โ potentially setting the stage for a massive long-term move, with some projections pointing as high as $500K.
However, the key nuance is the timeframe. On the monthly chart, Bitcoin could still close March around $60K and the long-term trend would remain intact.
In other words, short-term volatility doesnโt necessarily break the broader structure.
The bigger picture suggests that as long as BTC holds this multi-year trendline, the long-term bullish scenario remains possible.
@Cryptoz
A popular chart circulating on X suggests that Bitcoin is currently testing a multi-year trendline that has historically marked major market bottoms on the monthly timeframe.
According to this analysis, BTC approaching this long-term support could indicate that the market is close to forming a macro bottom โ potentially setting the stage for a massive long-term move, with some projections pointing as high as $500K.
However, the key nuance is the timeframe. On the monthly chart, Bitcoin could still close March around $60K and the long-term trend would remain intact.
In other words, short-term volatility doesnโt necessarily break the broader structure.
The bigger picture suggests that as long as BTC holds this multi-year trendline, the long-term bullish scenario remains possible.
@Cryptoz
๐4โค2๐ฅฑ1
#oil
๐ข Donald Trump: The USA is the largest oil producer in the world by a wide margin, so when oil prices rise, we make a lot of money.
BUT a far more important task for me as president is to prevent the evil empire, Iran, from obtaining nuclear weapons and destroying the Middle East and, essentially, the whole world. I will never allow that!
ะกrypto Headlines
@Cryptoz
๐ข Donald Trump: The USA is the largest oil producer in the world by a wide margin, so when oil prices rise, we make a lot of money.
BUT a far more important task for me as president is to prevent the evil empire, Iran, from obtaining nuclear weapons and destroying the Middle East and, essentially, the whole world. I will never allow that!
ะกrypto Headlines
@Cryptoz
โค3
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๐ท BILLIONAIRE JACK DORSEY SAID BIG BANKS AND WALL STREET WILL BE FORCED TO ADOPT #BITCOIN
"WE DON'T NEED THEIR PERMISSION."
@Cryptoz
"WE DON'T NEED THEIR PERMISSION."
@Cryptoz
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