According to @Redfin, the luxury housing market in the US has hit record highs, with only 7 out of the top 50 metros now offering luxury homes below $1 million, a sharp decline from 30 metros in 2020 (source: Redfin, June 2024). This surge in luxury real estate prices signals increased capital allocation to tangible assets, which may divert investment away from riskier assets like cryptocurrencies such as BTC and ETH. Crypto traders should monitor how continued high real estate valuations could influence liquidity and capital flows in the digital asset markets.