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NFT market trends now influence liquidity flows into altcoins. When NFT volumes surge, ETH gas usage rises, potentially increasing ETH demand. Capital often rotates between NFTs and fungible tokens, creating opportunities for traders tracking liquidity shifts. Conversely, NFT slowdowns can free up liquidity for DeFi or meme coin markets. Monitoring marketplaces like Blur and OpenSea for volume spikes, combined with ETH price action and L2 transaction counts, can help forecast when NFT-driven demand might strengthen or weaken crypto market momentum in related sectors.
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