NFT Market Dips 5% to $72.5M as Crypto Weakness Hits, Bored Ape Jumps 37%

22.11.2025 18:37 3 sources negative
ETH ETH $3320.63 +6.55%
BNB BNB $890.70 -0.10%
BTC BTC $92591.80 +2.67%
POL POL $0.13 +2.28%
SOL SOL $138.70 +4.30%

According to CryptoSlam data, the NFT market saw a 4.97% decline in sales volume, dropping to $72.53 million from $79.31 million the previous week. Despite this, market participation surged dramatically, with the number of buyers increasing by 77.11% to 293,459 and sellers jumping by 106.26% to 284,166. However, total NFT transactions fell by 12.67% to 940,416.

This downturn occurred alongside broader crypto market weakness, with Bitcoin (BTC) price crashing to the $84,000 level and Ethereum (ETH) losing the $2,800 support. The global crypto market cap plummeted to $2.87 trillion from $3.26 trillion last week.

Among top NFT collections, Algebra Positions NFT-V2 on Ethereum led with $7.26 million in sales, down 7.09%, while DMarket on Mythos blockchain held steady at $6.67 million. Courtyard on Polygon surged 32.58% to $2.97 million, and Pudgy Penguins and CryptoPunks saw gains of 2.26% and 12.57%, respectively. Bored Ape Yacht Club rebounded strongly, with sales surging 37.35% to $1.98 million.

Blockchain-specific sales showed Ethereum maintaining the top spot at $31.08 million (down 6.02%), followed by BNB Chain at $9.22 million (up 6.24%). Bitcoin sales dropped 7.78% to $7.03 million, Polygon rose 21.83% to $4.02 million, and Solana experienced a sharp 41.02% decline to $3.15 million.

ETH ETH $3320.63 +6.55%
Mixed NFT fundamentals amid broader crypto weakness. While NFT market volume declined 5% and ETH lost $2,800 support, surging buyer participation (77% increase) and Bored Ape's 37% rebound signal underlying demand. Ethereum maintains NFT dominance with $31M sales despite 6% drop. Short-term pressure from Bitcoin's breakdown to $84K and regulatory uncertainty, but Fed rate cut optimism (71% probability) provides long-term tailwind. Expect consolidation near current levels before potential recovery.
Technical analysis
Technicals confirm bearish momentum with ETH below key EMAs. 4h MACD at -39.93 and RSI 35.25 show oversold conditions, while ADX 55.93 indicates strong downtrend. Volume surge suggests capitulation, supporting near-term bottom formation.
BNB BNB $890.70 -0.10%
The NFT market shows mixed signals with overall volume decline but BNB Chain sales increased 6.24%, outperforming most blockchains. Despite broader crypto weakness dragging Bitcoin and Ethereum lower, BNB's relative strength in NFT sales suggests underlying ecosystem resilience. Short-term pressure from market-wide selloff may persist, but BNB's fundamental adoption metrics remain positive. Long-term outlook depends on whether NFT market recovery aligns with BNB's growing blockchain usage.
Technical analysis
Mixed signals: 4h timeframe shows bearish momentum (RSI 35.3, MACD -12.5) but shorter timeframes indicate stabilization. Price trading below VWAP across all timeframes suggests ongoing selling pressure. ADX 54.27 on 4h confirms strong downtrend, though oversold conditions may prompt short-term bounce.
BTC BTC $92591.80 +2.67%
BTC faces strong bearish pressure amid broader crypto weakness, with price testing $84K support as NFT market declines 5% despite surging participation. Fundamental sentiment remains negative due to profit-taking, regulatory uncertainty from Supreme Court tariff review, and institutional caution. However, Fed rate cut probability (71%) provides long-term bullish catalyst. Short-term trajectory depends on holding $80K-$84K support zone, with potential rebound if macro liquidity intervenes. Long-term outlook remains constructive given institutional ETF demand and historical accumulation patterns.
Technical analysis
Technical indicators show mixed signals: 4h RSI at 35.8 indicates oversold conditions, supporting bounce potential, while MACD remains negative (-964). Price holding above key EMAs (20/50) on lower timeframes suggests near-term stabilization. Volume patterns show consolidation with ADX at 56.9 confirming strong downtrend momentum.
POL POL $0.13 +2.28%
The NFT market shows mixed signals with declining volume but surging participation. While Polygon-based Courtyard NFT surged 32.58%, broader crypto weakness creates headwinds for POL. The surge in buyers/sellers suggests underlying demand, but overall NFT market decline and crypto weakness likely pressure POL short-term. Long-term, increased market participation and Polygon's NFT growth potential provide fundamental support once broader crypto recovers.
Technical analysis
Technical indicators show mixed signals. 4h RSI at 33.91 indicates oversold conditions, while ADX at 48.16 shows strong downtrend momentum. Volume surge on 4h timeframe suggests capitulation, potentially setting up for reversal if fundamentals improve.
SOL SOL $138.70 +4.30%
Fundamental outlook is mixed-negative for SOL. The NFT market weakness shows Solana experienced a sharp 41% sales decline to $3.15M despite broader NFT market participation growth. This indicates SOL-specific NFT ecosystem stress amid crypto-wide weakness. However, Bored Ape's 37% rebound and rising buyer counts suggest potential NFT market resilience. Short-term pressure likely from broader crypto correction (BTC to $84K, ETH below $2.8K), but long-term NFT adoption trends remain intact if market stabilizes.
Technical analysis
Technicals confirm bearish pressure with 4h RSI at oversold 39.98, MACD negative -1.84, and price below key EMAs (20/50). However, 1h momentum turning positive +1.71 suggests potential near-term stabilization. Volume patterns mixed with elevated 4h activity indicating distribution.
Sources
CryptoPunks Dominate NFT Sales of Week as Top Transaction Hits $166K
blockchainreporter.net 24.11.2025 06:00
NFT Market Sees Unprecedented Rise in Buyers but Transactions Wane
COINTURK NEWS 22.11.2025 18:20
NFT sales nosedive to $72.5M, while Bored Ape Yacht Club recovers 37%
crypto.news 22.11.2025 13:30
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