NFT Volume Wiped Out: Bitcoin NFTs CRASH 65% 📉
The NFT sector just got absolutely hammered this week, signaling a massive confidence crisis. Weekly sales volume plummeted nearly 28% down to a mere $62.5M from $88.3M, showing traders are fleeing fast. Buyer participation dropped over 82% while sellers vanished too. Liquidity evaporated.
The real bloodbath was in Bitcoin NFTs, which dumped over 65% in seven days. $ETH managed to stay on top, but even its activity is at multi-week lows. Capital is aggressively rotating into safety; CryptoPunks surprisingly jumped 33% to reclaim the top spot, proving only blue-chips are surviving this purge.
This NFT collapse is happening while $BTC holds near $90k and $ETH struggles below $3,100. This isn't a lack of price action; it’s a total lack of belief in the wider NFT ecosystem right now. Survival mode is officially on.
#NFTCollapse #CryptoMarket #BlueChips 🥲
