2025 China's housing prices are out, first-tier cities are strong, second and third-tier cities are being knocked down

In agreement with the cryptocurrency world: Bitcoin is eternal, altcoins are close to zero

First-tier cities ≈ Bitcoin ($BTC )

Largest market capitalization, global consensus, strong liquidity

Even in a bear market, it can withstand, everyone still holds it as a ballast

Third and fourth-tier cities ≈ Altcoins (Shitcoin)

Once the narrative is over, no one buys, and they fall faster than anyone else

Once briefly popular (like certain internet celebrity cities or real estate projects), ultimately, the funding scheme bursts with a poke