Danish Fund AkademikerPension to Liquidate $100 Million U.S. Treasury Holdings
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 20 2026
Should l Buy SPK?
- Liquidation Decision: Danish pension fund AkademikerPension plans to liquidate its remaining $100 million in U.S. Treasury holdings by the end of January, primarily due to concerns over America's long-term fiscal stability and credit risks associated with Trump's policies, marking a significant public rebuke of U.S. government creditworthiness.
- Investment Strategy Shift: CIO Schelde noted that while Treasuries served as risk management and liquidity tools, widening deficit projections and warnings from credit-rating agencies indicate that Treasuries no longer meet the fund's evolving risk criteria, reflecting a fundamental change in market dynamics.
- Impact of Trump’s Policies: Schelde highlighted Trump's threats regarding Greenland and broader fiscal concerns as catalysts for the fund's accelerated exit from Treasuries, underscoring the profound influence of political factors on investment decisions.
- Global Market Implications: Although U.S. Treasuries are still viewed as a safe asset in global finance, AkademikerPension's move represents a rare public declaration by a major pension fund that Treasuries are unfit for long-term investment, potentially prompting other institutions to reconsider their Treasury exposure.
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Technical Analysis for SPK
Technical Sentiment Analysis for Spark (SPK) As of , Spark (SPK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SPK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SPK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Spark (SPK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0104 | 0.0138 | 0.0176 | 0.021 | 0.0248 | 0.0282 | 0.032 |
| Fibonacci | 0.0138 | 0.0166 | 0.0183 | 0.021 | 0.0238 | 0.0255 | 0.0282 |
About SPK
Project overview:
Spark is an onchain capital allocator, with $3.86B deployed across DeFi, CeFi, and RWA. It unlocks capital efficiency at scale, auto-balancing allocations based on market conditions while maintaining a conservative risk profile.
Project mission:
Spark was created to solve DeFi’s core inefficiencies: fragmented liquidity, unstable yields, and idle stablecoin capital. It acts as a two-sided capital allocator—borrowing from Sky’s $6.5B+ reserves and deploying across DeFi, CeFi, and RWAs to provide deep, consistent liquidity. This yield is packaged into products like sUSDS and sUSDC, offering users programmable, fee-free income. Rather than competing with protocols, Spark powers them as the liquidity and yield infrastructure for onchain finance.Project value proposition
Access to Deep, Scalable Liquidity: Spark taps into Sky’s $6.5B+ stablecoin reserves, enabling large-scale capital deployment across DeFi, CeFi, and RWAs.
User-Friendly Yield Products: Yield is delivered through stablecoins like sUSDS and sUSDC—fully composable, fee-free, and available across chains.Project Key Highlights:
SparkLend: A stablecoin lending market. Unlike other lending protocols where rates fluctuate based on utilization or loan size, SparkLend offers governance-defined rates that do not vary based on those factors. This is made possible by Spark’s Liquidity Layer (SLL), which supplies consistent stablecoin liquidity to the protocol.Spark Savings: A product for earning yield on stablecoins like USDC, and USDS (and soon, USDT) by converting them into yield-bearing sUSDS or sUSDC. These yield tokens are composable with other DeFi protocols, making it easy to put capital to work while maintaining exposure to onchain yield at a competitive risk-adjusted rate.Spark Liquidity Layer (SLL): A backend capital allocator that routes liquidity to other protocols like Aave, Morpho, and even RWAs (e.g., BlackRock’s BUIDL). One of the most important SLL deployments on Base is the Spark USDC Morpho Vault, which currently supplies $95M USDC, making it the largest liquidity provider to the Coinbase app integration on Base. This vault plays a key role in mitigating rate volatility for borrowers and demonstrates how SLL enhances liquidity conditions across DeFi.Existing Products:
Spark's total TVL is currently $7.9B, split between SparkLend and the Spark Liquidity Layer (SLL). You can find real-time details and breakdowns here: https://defillama.com/protocol/spark#informationSpark in DeFiLlama, https://defillama.com/protocol/spark#informationSparkLend is one of the largest lending protocols in DeFi. It offers deep liquidity and governance-defined rates, providing borrowers with transparent conditions.Spark Savings is live on Ethereum mainnet, Base, Optimism, Arbitrum, Unichain, and Gnosis, offering vaults for both USDS and USDC. The Spark Liquidity Layer actively deploys capital across protocols on multiple chains, including Ethereum mainnet, Base, and Arbitrum.SLL allocations in real-time, https://data.spark.fi/spark-liquidity-layer
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
