According to the latest MSCI data, senior loan writedowns from private credit funds have skyrocketed—tripling since 2022. This sharp uptick signals growing strain in the credit market, as fund managers are forced to mark down asset valuations more aggressively. The trend reflects tightening credit conditions and rising default risks across the broader lending landscape. For traders monitoring macroeconomic headwinds, this metric is worth watching closely—deteriorating credit quality often foreshadows volatility across risk assets, including crypto markets that tend to move in correlation with risk sentiment swings.