The bear market will greatly affect the crypto assets we have (except stablecoins). I think as long as bear market hit the crypto market the price of NFT will also go down because NFT is also a part of crypto and bear market makes all crypto assets go down. in the current situation I'm more focused on securing my crypto assets and converting 50% of my crypto assets to USDT and haven't thought much about investing in tokens or NFT.
This can be a very wise decision, considering that getting into an altcoin when BTC is unstable is very unprofitable. Because altcoins can drop 2x the decline in BTC. Hold on Bitcoin will be much better for take profit in the future. Converting 50% to buy back on dip, might be much more profitable than buying NFT & Alt atm. However, it all depends on each individual.
If you can make a profit, do it, DWYOR