The platform controlled 62.8% of the collectibles market during June. By comparison, OpenSea recorded $32.7 million in NFT sales during the same month. CoinGecko also reported that about 98% of collectibles trading volume came from gacha mechanics instead of secondary market transactions.
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Meanwhile, NYDIG said Bitcoin’s correction increasingly resembles the major bear markets of 2014, 2018, and 2022. The firm’s second-quarter report attributed the weakness to soft spot demand, rising leverage, and changing institutional behavior rather than broader financial markets. Bitcoin finished the first half of the year down 32.9%, including a 13.4% decline during the second quarter. During the same period, technology stocks gained 43.5%, while the Nasdaq 100 advanced 27.7%.
After comparing previous four-year bear markets, NYDIG estimated that Bitcoin could decline toward $38,000 to $39,000 before establishing a cycle bottom. So far, the cryptocurrency has already fallen nearly 50% from its October 2025 record high near $126,000.
