128: The Unwind

Bond markets are repricing AI credit risk without signaling an implosion, while Bitcoin's technical setup and fiscal-dominance narrative stay bullish.

• Bitcoin's technical setup: Bitcoin trades 25% above its 200-week moving average (~$67K), a level historically followed by sustained gains barring a black-swan credit event.
• Credit markets flash AI distress: CoreWeave and Oracle debt trade poorly and CDS spreads rise on AI-linked names, with BondCliq's Chris White noting ~$258B in AI-linked debt sold in 12 months.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.