US Private Credit Stress Hits 2017 High: Why It Matters for Bitcoin?
The US private credit market, valued at over $2 trillion, is flashing stress signals not seen since 2017, raising the question of what deteriorating loans could mean for Bitcoin.
The connection runs through liquidity and risk sentiment rather than any direct exposure between the two markets.
The Stress Signals Building in US Private Credit
Non-accrual loans are credits in which the borrower has stopped making payments or in which default is likely. That metric just hit a multi-year high.
The Financial Times reported the figures, based on Solve data. Non-accrual loans reached a median of 2.8% of cost across the twenty largest listed US Business Development Companies during the second quarter.
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