NFT Market Cap Below 1.5 Billion: ETH Collapse

Main Reasons for the NFT Market Cap Crash

The decline in market value was affected by supply-demand imbalance. According to CryptoSlam data, the number of circulating NFTs rose to 1.3 billion in 2025, a 25% increase compared to 2024, but annual sales decreased by 37% to 5.6 billion dollars, and the average sale price fell below 100 dollars.

Nike RTFKT Sale and High-Profile Exits

High-profile exits also increased the pressure: Nike sold the RTFKT studio on January 7; Nifty Gateway announced it will close on February 23, and the Rodeo social NFT platform will cease operations in March. These developments shook investor confidence, further reducing liquidity.

Current Technical Analysis of ETH Price

ETH is currently trading at 1,936 dollars, down 6.30% in 24 hours. RSI at 24.45 is in oversold territory. 20 EMA at 2,563 dollars, the trend is downward, and Supertrend is giving a bear signal. Click for detailed ETH analysis.

Bitcoin Falls Below 70,000 Dollars, Hitting NFTs

Bitcoin fell below 70,000 dollars for the first time since November 6, 2024. MicroStrategy CEO Phong stated that if BTC falls below its 76,000 dollar averages, debt payments will become difficult, and in the worst case, it could drop as low as 8,000 dollars. This increased BTC futures volume while pressuring NFT networks.

ETH Support Levels Critical for NFT Investors

ETH‘s strong S1 support at 1,827 dollars is a turning point for the NFT ecosystem. If broken, there’s a risk of slipping to S2 at 1,659 dollars. The 37% drop in NFT sales most affected ETH-based collections (CryptoPunks, Bored Apes). Monitor the ETH spot market.

Future Risk Analysis of the NFT Sector

• If supply surplus continues, the average price could drop to 50 dollars.
• Without BTC/ETH recovery, NFT volume will remain low.
• Regulations and Web3 integrations are a source of hope.