According to The Kobeissi Letter, US existing home sales dropped by 5.9% month-over-month in March 2025, reaching an annualized rate of 4.02 million, the weakest March figure since 2009 and the largest monthly decline since November 2022 (source: The Kobeissi Letter on Twitter, April 27, 2025). This sharper-than-expected downturn signals growing economic headwinds, which could prompt traders to anticipate increased volatility in both equity and crypto markets as risk sentiment deteriorates and expectations for Federal Reserve policy shifts intensify.