Wall Street private credit crisis looms as $20B exit wave triggers fresh withdrawal limits threatening Bitcoin liquidity

Private credit has crossed into a dangerous phase. After rumblings last month, the pressure point is no longer confined to underwriting quality, isolated borrower stress, or a few awkward redemption notices buried in fund updates. The market is now dealing with something more consequential: a live collision between illiquid assets, semi-liquid fund structures, and investors who want cash back at the same time. That s…