**MFQwFQ**

Doomsday for Blackrock?
Is private credit finally hitting the wall, or is this just a long-overdue reality check? 📉
For years, the "Golden Age" of private credit felt unstoppable. But with recent high-profile defaults (First Brands, Tricolor) and BDCs taking a hit, the "shadow banking" doomsday clocks are ticking louder.
The Reality Check:
Roughly 40% of borrowers ended 2024 with negative free cash flow. We’re likely entering a "grind-it-out" phase, an 18-24 month window where managers must prove they can actually manage distressed assets, not just collect fees.
Why it’s not "doomed":
1/ Lock

Long Squeeze Alert: How Bitcoin's Drop Below $70,000 Triggered a $300 Million Derivatives Wipeout
1/ Over $300 million in crypto derivatives liquidations occurred in 24 hours, with Bitcoin longs accounting for a large share. Reports cite figures between $329 million and $370 million. The move followed Bitcoin's failure to hold above the low to mid $70,000 area, compounded by Middle East tensions and weak US jobs data. This classic long squeeze forced out overconfident bullish traders as price action turned against them.
2/ Perpetuals open interest sits around $382.6 billion, down 2% to 5% in 2

What Bitcoin’s US$70,000 support zone means for traders after this week’s volatility
1/ A sharp Bitcoin rally triggered $471 million in crypto derivatives liquidations within 24 hours, with $348 million from shorts and $123 million from longs as BTC approached $74,000. This classic short squeeze was fueled by crowded bearish positioning, negative funding rates, rising open interest, and strong ETF inflows into BTC and ETH. Leverage has been partially flushed, but volatility remains elevated, leaving room for further violent moves if positioning extremes rebuild.
2/ The liquidation wave concent

Do you agree with this statement?