⚠️ BlackRock restricts withdrawals from credit fund to $26b (Bloomberg)
Investors have started to massively pull money out of BlackRock’s HPS Corporate Lending Fund, which invests in the private credit market.
▪️ Investors requested withdrawals of 9.3% of assets
▪️ Managers allowed only 5% to be withdrawn
▪️ 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, BlackRock’s 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 BlackRock’s HPS Corporate Lending Fund, which invests in the private credit market.
▪️ Investors requested withdrawals of 9.3% of assets
▪️ Managers allowed only 5% to be withdrawn
▪️ 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, BlackRock’s shares dropped more than 7%, and other private credit sector managers also came under pressure.
@Cryptoz
❤3
🐷 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 — 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 doesn’t 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 — 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 doesn’t 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
😍3