Latest / Bitcoin News Digest Podcast
Deep Dive 5/20/26
Executive summary
The global financial market is experiencing a stark divergence between bleeding short-term price action and structural long-term upgrades. The macro economy faces headwinds following Moody’s downgrade of the U.S. sovereign credit rating to AA1, which triggered a surge in the 30-year Treasury yield to 5.198%. This high risk-free rate has functioned like a vacuum, pulling liquidity away from high-beta assets and leading to a $2 billion outflow from U.S. spot ETFs over seven days. Despite this hostile environment and the threat of algorithmic liquidations targeting long…
The skinny
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