According to The Kobeissi Letter, new home prices in China's 70 major cities fell by 4.6% year-over-year in April 2025, while existing home prices dropped 6.8%. This marks the fourth consecutive year of property price declines, with property investment also down 10.3% (source: The Kobeissi Letter, May 21, 2025). The persistent weakness in China's real estate sector may accelerate capital flows into alternative assets like Bitcoin and stablecoins, as investors seek safer havens amid market uncertainty. Crypto market participants should monitor potential increases in trading volumes and volatility linked to Chinese investor sentiment and policy responses.