NFT FLOOR BLEEDING ISN’T DONE, $SIREN
Blue-chip NFT floors are still repricing hard as BAYC prints show more than 100 ETH of downside versus the prior trade, a clear sign that institutional liquidation has not finished. With BTC dominance rising and NFT volume down 99% from peak levels, capital is staying defensive and illiquid collections are getting hit first.
Track whale exits, ignore dead-cat bids, and wait for real absorption on major floors. If BTC and ETH fail to stabilize, do not expect a durable NFT bid—preserve capital and let the market prove itself.
I think this is one of those moments where the market is telling you the old NFT cycle is broken. When liquidity disappears this completely, the first real opportunity usually comes only after pain peaks and everyone has given up.
Not financial advice. Manage your risk.
#Crypto #NFTs #Bitcoin #Ethereum #Altcoins
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