Real estate market headwinds continue to pile up. November's housing data painted another grim picture for China's property sector—extending what's already become a prolonged slump spanning multiple years. The downturn has caught policymakers' attention, with officials signaling more aggressive interventions ahead.

Why does this matter to traders? Because macroeconomic weakness in major economies typically ripples through risk assets, including crypto. When traditional real estate markets falter and governments shift to stimulus measures, capital flows often seek alternative stores of value. Worth keeping tabs on how these economic cycles play out.