US credit markets have never been healthier, yet Bitcoin finds itself starved of fresh capital—a paradox that encapsulates crypto’s current predicament. The New York Federal Reserve’s high-yield distress index has plunged to 0. 06 points, the lowest reading in the metric’s history. The index measures stress levels in the junk bond market by tracking liquidity conditions, market functioning, and the ease of corporate borrowing
source: https://beincrypto.com/liquidity-paradox-credit-markets-hit-record-health-while-bitcoin-starves/