The long-term decline isn't just happening in the cryptocurrency market; the real estate market is the same. I used to just hear about falling home prices without any personal experience, until a few days ago when a friend sold a house on the west Fourth Ring Road in Beijing— a two-bedroom on the first floor with a small self-built yard and two parking spaces— for 2.8 million yuan. I was truly shocked when I heard this. Although it's an older building, being able to sell a property at this location near the Fourth Ring Road for 2.8 million yuan is unimaginable in the past. This means that nowadays, buying a home in the city for over 2 million yuan in Beijing has become a reality. It seems that home prices have really fallen. First-tier cities can't withstand it anymore, just like Bitcoin can't withstand the pressure either.

Suburban areas are even cheaper. News reports say that Changyang in Fangshan District, Beijing, has fully entered the 10,000-yuan era.
The housing prices in Changyang, Fangshan District, are simply terrifying, with no signs of rebounding. The most representative community in Changyang— Changyang Peninsula— has also experienced a significant decline. In October 2025, a three-bedroom unit in Building 4 of Changyang Peninsula was sold for 2.64 million yuan. The same type of unit was sold for 3.7 million yuan in January 2025. The latest sale price of 2.64 million yuan is 1.06 million yuan lower than the January price, a decrease of about 29%.
Price trend for the same type of three-bedroom units in the community:
October 2025: 2.64 million yuan.
June 2025: 3.15 million yuan.
January 2025: 3.7 million yuan.
March 2023: 4.96 million yuan.
March 2017: 5.6 million yuan. $BNB