$33 trillion in debt matures in 2026. How will Bitcoin respond to macro forces and credit markets that may impact its future as much as halvings once did?
Key takeaways:
$33 trillion in debt will mature across advanced economies in 2026, forming a refinancing wall that could drain liquidity and weigh on risk-on assets as borrowing costs remain high.
Global liquidity is projected to peak in late 2025, historically a precursor to tighter markets.
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