think people are underestimating how quickly NFTs can snap out of a bear market once capital starts rotating further out the risk curve Market caps are tiny. Liquidity is incredibly thin. It takes very little capital to move prices once demand returns Meanwhile, many of the strongest collectors have spent the past few years buying, holding and accumulating. Supply isn’t what people think it is. Every time macro improves, ETH is increasingly outperforming BTC If that continues, FOMO returns, and repricing across NFTs could be far more violent than most expect
