China's Credit Impulse Turns Negative, Posing Risk to Bitcoin and Stocks

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China's credit impulse, a measure of new credit flow relative to GDP, is currently sending a bearish signal for risk assets. Historically, this indicator has influenced global appetite for riskier investments, including equities and cryptocurrencies. A declining credit impulse from China typically signals reduced liquidity and slower economic momentum, which can weigh on asset prices. Despite the warning sign, Bitcoin has largely held steady and shown resilience to the negative reading so far. Analysts continue to watch whether the indicator's red flag will eventually translate into broader market pressure.

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