According to The Kobeissi Letter, US existing home sales fell by 3.1% year-over-year to an annualized 4.0 million units in April 2025—the lowest April figure since 2009, with a month-over-month decrease of 0.5% sharply missing the expected 2.0% increase (source: The Kobeissi Letter, June 8, 2025). This significant drop, led by declines in the West and Northeast, signals sustained economic headwinds in the real estate sector, which could fuel risk-off sentiment across financial markets. Crypto traders should monitor potential shifts in liquidity and investor risk appetite, as weakness in traditional asset classes often prompts increased volatility and safe-haven demand in digital assets.