According to The Kobeissi Letter, US home values experienced month-over-month declines in 61% of US counties in April 2025, marking the most widespread drop since 2022 (source: The Kobeissi Letter via Twitter, June 4, 2025). This percentage has tripled in recent months, with Reventure noting that such a high level was last observed during the 2007-2010 financial crisis period, outside of 2022. For crypto traders, this sharp decline in US real estate values signals potential shifts in investor risk appetite and liquidity. Historically, broad-based housing downturns have led to increased volatility across risk assets, including Bitcoin and altcoins, as traditional investors seek alternative hedges or liquidate positions to cover losses. Traders should closely monitor correlations between real estate stress and crypto inflows, especially as macroeconomic uncertainty rises.