2025-12-28 05:30:14

#美联储回购协议计划 $ETH $ZEC The NFT market is playing out a fascinating drama. Over the past week, a quick scan of digital eyes left everyone stunned—buyers surged to 303,000, a weekly increase of 27.24%, and the heat seems to be exploding. However, the total transaction volume dropped to $63.52 million, a 4.72% decrease week-over-week.

This seemingly contradictory data actually reflects three underlying currents happening in the on-chain ecosystem.

**On-chain funds are "fleeing"**

Bitcoin NFTs surged by an astonishing 52.64%, with transaction volume reaching $12.02 million. In stark contrast, Ethereum NFTs suffered a sharp decline of 24.86%. Polygon, like a dark horse, maintained a steady weekly increase of 16.18%. It’s clear that funds are migrating from the Ethereum ecosystem to the Bitcoin system—this signal couldn’t be more obvious.

**Scarce assets remain resilient**

An X@AI work in the BRC-20 NFT space sold for $1.92 million, and blue-chip collectibles like CryptoPunk both broke the $110,000 mark. Amid the overall rise and fall, valuable assets have maintained their status and haven’t wavered.

**Market is diverging, not simply declining**

What does the influx of new buyers indicate? Are retail investors bottom-fishing, or are newcomers being attracted? The decline in transaction volume coupled with a surge in user numbers usually suggests two possibilities: either the end of the last wave of bag-holders or the early signs of a new cycle.

Opinions among institutions are also divided. Some analysts believe Bitcoin will grow steadily but unlikely to surge dramatically; traders predict a possible retracement to $60,000; institutional players think the downside is limited. That’s where the disagreement lies.

Some say this is a transitional period from NFT speculation to real application, while others hint it could be a "trap." The only certainty? The sector is becoming more fragmented, and blindly following trends is less wise than selecting the right direction.

(Markets carry risks, invest cautiously)

ETH0.36%

ZEC2.04%

BTC0.52%

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ContractBugHunter

· 8h ago

I knew the moment funds started fleeing ETH; this wave is just re-queuing. --- The trading volume of 300,000 buyers actually dropped— isn't this a signal before the rebound? Retail investors are about to get cut again. --- Regarding the 1.92 million transaction on BRC-20, I just want to ask who has that much money... Is it blue-chip or blue-chip? --- The trend of moving from Ethereum to Bitcoin is so obvious; I should have seen it earlier. --- It's always "new cycle sentinel" and "real application" these days; hearing these phrases is starting to give me ear fatigue. --- Institutions are just arguing, and retail investors still have to step into the pits by themselves. --- Not following the trend means choosing the right direction—easy to say, but how many can actually pick the right ones? --- Looking at this data, I just want to laugh; the more buyers there are, the less trading volume—how absurd is that?

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NewDAOdreamer

· 8h ago

Wait, the number of buyers skyrocketed but the trading volume actually declined? Isn't this just the prelude to retail investors taking over? Haha The trend of funds fleeing from ETH to BTC is really strong, no wonder people said the Ethereum ecosystem might cool down earlier. CryptoPunk is still holding steady, indicating that big players are not panicking, so we don't need to worry either. Following trends blindly really leads to losses; it's better to focus on blue-chip assets. It feels like next either a breakout or a crash, with no middle ground, everyone.

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ImpermanentTherapist

· 8h ago

Buyers' numbers surge but trading volume drops? This is what you call the gathering of bagholders. Wait, is capital fleeing Ethereum for Bitcoin NFTs? Wake up, everyone, is this another signal of a new round of leek-cutting? $1.92 million for an X@AI? I just want to ask who else can resist not jumping on the bandwagon. Following the trend is pointless; the real opportunity lies in scarce assets. Is this another early warning before a new cycle or the end of the bagholder phase? Anyway, I'm just watching whether blue chips stabilize. The contradiction behind this data indicates market segmentation; retail investors should wake up. The moment capital fled Ethereum, I knew I had to re-evaluate my direction. Do you believe in institutional bullishness or in the trader’s phrase "pull back to 60,000"? Anyway, I’m confused.

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