According to CoinMarketCap, the NFT market cap fell to $2.5 billion in December 2025, the lowest level of 2025 and 72% below January’s $9.2 billion peak, source: CoinMarketCap (Twitter, Dec 26, 2025). Weekly NFT sales failed to surpass $70 million throughout December, signaling subdued turnover and thin liquidity for NFT traders, source: CoinMarketCap (Twitter, Dec 26, 2025). These conditions typically mean slower price discovery, wider spreads, and higher slippage risk when entering or exiting NFT positions, which encourages tighter risk controls and selective execution, source: CoinMarketCap (Twitter, Dec 26, 2025).