↕ 6 significant moves detected
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Log in to commentThe orderbook was legit but I always wondered if the user base is too tied to NFT cycle sentiment to really hold its ground when that market goes quiet.
The spread traders are still speculation dressed up in professional clothing, when NFT volume dries up there's no spread to capture, so they evaporate just as fast as the floor-price crowd, maybe faster.
Eight percent after a near-identical move recently, I'd want to know if there's actual new demand behind this or just the same thin float getting recycled. Not adding until I see follow-through that doesn't reverse in 48 hours.
Blur faked me out, thought the NFT market was finding its legs again, but nope, just someone running a playbook.
Blur actually built something real for NFT traders, the pro-focused orderbook stuff felt like a genuine step up from what existed before.