{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreihcwx75aahh37uumcu3wokms5hpunfjmqxbtug5ryj25yq3roh53i",
    "uri": "at://did:plc:3jg5ch2x6onc5mwonrp5wps6/app.bsky.feed.post/3mkrhjymc4vd2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreihb65s2l4fijldcqsezdhtvrs4bkhhs4zj3diepizjybpgdhzucpe"
    },
    "mimeType": "image/jpeg",
    "size": 447441
  },
  "path": "/bitcoins-next-risk-is-hiding-in-the-gap-between-debt-and-liquidity/",
  "publishedAt": "2026-04-30T08:50:21.000Z",
  "site": "https://cryptoslate.com",
  "tags": [
    "Analysis",
    "Featured",
    "Macro",
    "Market",
    "Bitcoin’s next risk is hiding in the gap between debt and liquidity",
    "CryptoSlate"
  ],
  "textContent": "The old Bitcoin playbook ran on the simple logic that when global M2 expands, capital flows into risk assets, and Bitcoin captures a disproportionate share. That relationship powered the 2020-2021 bull market, and crypto Twitter spent the better part of 2024 charting M2 overlays as proof that the next leg was imminent. Now, the global […]\n\nThe post Bitcoin’s next risk is hiding in the gap between debt and liquidity appeared first on CryptoSlate.",
  "title": "Bitcoin’s next risk is hiding in the gap between debt and liquidity"
}