Commercial property markets are freezing, and CMBS sales have dropped 85% YoY. Higher rates are expected to lead to a lot of defaults. Equity investors: check #Bitcoin's price vs. the loans outstanding.

Brace for impact.

https://www.bloomberg.com/news/articles/2023-02-17/sales-of-cmbs-plunge-85-as-commercial-property-markets-freeze?leadSource=uverify%20wall