Global debt continues to climb beyond 235% of world GDP as economies navigate shifting borrowing patterns. The key trend: private sector lending is tightening while governments are ramping up borrowing. These divergences aren't uniform—different countries and income levels face distinctly different debt dynamics. For crypto market participants, tracking global debt trajectories matters. Rising public debt often correlates with currency pressures and inflation concerns, which historically influence risk appetite in digital assets. The IMF's latest Global Debt Database provides a comprehensive breakdown of these structural shifts across regions. Understanding where money flows—or doesn't—helps contextualize market cycles.