Only 2.5% of homes have changed hands in the US this year. That’s the lowest volume we’ve seen in my lifetime.
Are we going to see pent up demand as rate cuts continue? Or are these kids going to live in mom’s basement forever?
I think the $58K gang has a chance at relevance one final time. No promises, and their days are numbered for sure. But we are flushing into weakness so a spike down past $60k is reasonable IMHO
This lol BTC "crash" is nice to see. open interest has been too high. but i suspect that constant chop is coming to an end sooner rather than later. But still, we wont see significant upside until those long positions get wiped out. soon... but not yet. be patient. i think $19B is still too much.