Apartment builders are going crazy right now.😬
1.1 Million apartment units currently in construction/permitting.
60% higher than pre-pandemic. Double peak set in 2007 Bubble.
Bad news for Real Estate Investors. Means lower rents are coming. 📉
We have one last #bitcoin miner capitulation before this bear market is over, in my opinion.
Watching hash rate closely here, the 14d MA is a mere -2% below ATHs.
A major squeeze is in the ~5th inning or so. I suspect you'll see hash rate fall noticeably as this plays out.