Crypto Clarity in a Realm of Shadows
Joined August 2022
- Tweets6.5K
- Following27
- Followers453
- Likes1.8K
ImaLeech retweeted
America appears in a homebuyer recession.
Mortgage purchase applications are down 60% from their pandemic peak, per Redfin.
Demand is now back near 1995 levels, lower than at any point during the 2008–2012 housing crash.
It comes as mortgage rates sit above 7%, pending home sales hover near record lows, and a record 14% of September deals were canceled.
ImaLeech retweeted
BREAKING: Banks are taking back more homes.
Lenders repossessed 5,794 homes in August, up 42% from a year ago and 22% from July, per ATTOM.
That’s far faster than the 13% rise in overall foreclosure filings, meaning more distressed homeowners are reaching the end of the process.
ImaLeech retweeted
JUST IN: Elon Musk's Tesla $TSLA officially unveils new flying Roadster.
ImaLeech retweeted
U.S. homebuyer demand is now weaker than during the 2008 housing crash.
NAR's pending home sales index hit 71.2 in August, below any reading from 2008 to 2011.
Contract signings are down roughly 45% from the 2020 peak and about 30% below pre-pandemic levels.
Mortgage rates are the problem: signings peaked in 2021 when rates were near 3%.
ImaLeech retweeted
Since 2019, corporate profits have surged 52%, while average wages have edged up just 12%, per Groundwork Collaborative.
ImaLeech retweeted
The best possible evidence the Bitcoin bottom is in:
Long-term holder supply in loss peaked on June 30th.
In every prior cycle, the day this metric peaked was the day the pain ended.
Price never closed below that day's level again. Ever.
2015: peak at $210. 12 months later, $580.
2019: peak at $3,566. 12 months later, $9,900.
2020: peak at $4,842. 12 months later, $57,271.
2022: peak at $16,700. 12 months later, $43,473.
This cycle's peak came at $58.5K. Bitcoin is $77.4K today, and supply in loss has already dropped 24% off the record.
The median 12 month forward return based on prior cycle peaks would imply a $162,000 Bitcoin price by September 2027.
ImaLeech retweeted
A new structural buyer has emerged in the gold market.
Since 2024:
- Tether: 73.6t
- China: 49t
Tether has purchased more gold than China officially and now holds more gold than Australia, the world's third-largest gold producer.
We've never had a gold bull market with a structural bid like this.
ImaLeech retweeted
14.9% of all homes for sale in the United States tried to de-list and re-list, per Parcl
ImaLeech retweeted
AI is the greatest mass psychosis event in history
Zero productivity gains showing up in the real economy after $3 trillion in spending
Surely the next $3 trillion will fix this though
ImaLeech retweeted
this is a critically important moment for cyber defense with AI; there is not much time to act.
we are happy if you want to work with us or any of our competitors or partners, but please take this moment seriously.
only an urgent and intense collective response will work.
ImaLeech retweeted
There is “no plan” for the “social, political, and economic upheaval” AI is about to cause, Bill Gates has said.
ImaLeech retweeted
BREAKING: US allies are privately warning that the Strait of Hormuz is still likely mined, casting doubt on President Donald Trump’s claim that the US Navy has completely removed and detonated explosives laid by Iran, per Bloomberg
