Adding to the Pudgy NFT discounts, Lil Pudgys are ready too
Over 100 NFTs in the next 20h could destroy the bid-floor
It’s all about the creditors...
As when time runs out, the NFTs automatically sell in the bid
Looking at the chart:
> Daily chart shows we’ve hit the lows
> Weekly chart shows we still have a zone at 0.9
Yeah, not all 100 NFTs will hit the bid, some will extend their credit
But the fact remains, be ready to grab those discounts.
I, on the other hand, have a bid at 0.9-1 $ETH and am watching closely.
IMPORTANT: NFT credits only exist on Blur, not on Opensea.
Pudgy penguins on discount today…
ETH breaks ATH = NFTs dump
ETH dumps = NFTs forget to bounce back, lmao
Because of this we’re seeing a crazy liquidation wave coming within 24h:
~100 loans on BAYC (out of 250 total)
~200 loans on Pudgy (out of 650 total)
Today’s a rare opportunity day, but with the risk of catching a knife way lower…
Lately $ETH has been sucking up too much liquidity, leaving none for NFTs.
Perfect scenario right now would be ETH staying in the $4.4k–4.6k range.
I think (or wanna think) that this gets bought up and we’ll be kicking ourselves again for not grabbing Bluechips at 10–10.5e.
No risk no ferrari, nfa dyor.
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