QCP Flags Oil Above $110 and AI Credit Stress as Pressure on Bitcoin
- —Brent hit $114 a barrel, its highest since May 5, after renewed Houthi attacks on Saudi infrastructure
- —CoreWeave's five-year CDS is around 1,128 bps, more than triple Oracle's 30 bps
- —South Korea's KOSPI fell over 14% in a week, its worst five-day run since 2008
- —Freight for a 2-million-barrel tanker from the Middle East to China is about $1.4 million per day
Why it matters: Elevated oil prices and AI credit stress keep inflation sticky and complicate Fed easing, capping bitcoin's upside.
Source: CryptoPotato