Markets are moving toward a new global financial crisis. These are the tripwires that would confirm it
Rising bond yields and oil prices suggest a market correction, though credit markets have yet to confirm a full-scale systemic financial crisis.Summary
While a new global financial crisis is not yet confirmed, current market data reveals rising risks. Increased US and UK long-term bond yields and high Brent crude prices are putting pressure on global fiscal stability and central bank policy flexibility. However, a transition to a systemic crisis—comparable to 2008—requires evidence of stress spreading into credit spreads, increased volatility (VIX), and tighter broad financial conditions. Currently, these 'confirmation' indicators remain stable, suggesting the market is facing a macro-correction rather than an immediate systemic collapse. Bitcoin’s role as a potential hedge remains uncertain, as it may initially face pressure alongside other risk assets during periods of forced deleveraging.
(Source：CryptoSlate)