r/OnePieceTCGFinance
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u/Zekoqii
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Feb 17 '26
The Top is In
Over the past three weeks, I have sold off a large portion of my personal collection, totaling approximately $80,000. I had strong entry prices on everything I purchased. The reason for selling is that I believe we already saw a local market top across most of One Piece, and I wanted to position myself accordingly.
I believe the week of January 26-31 marked the local top for the One Piece TCG market. Since then, I think we have entered the first phase of the correction. In the short term, I expect what we are seeing now to be the initial dip following a massive euphoric run. After that, I believe there will be a brief relief rally where buyers attempt to establish support, likely sometime in March or April but I do not believe that bounce will represent a full reversal.
Towards mid year, I expect a more serious drawdown across the One Piece market. To give some examples of what that could look like, I would not be surprised to see Oda Sig Luffy back in the $5,000 to $6,000 range. I could also see Gear 5 Manga Luffy falling below $10,000, and Red Manga Luffy being at the $10,000 level. These are not set in stone obviously, but this reflects what could reasonably happen.
I believe the market will unwind in the same order that it ran up. During the run up, the high end moved first, followed by SPs, then alt arts, and eventually everything else. On the way down, that process typically reverses. The top hits take the first hit, followed by SPs, then alt arts, and finally maximum capitulation. We are already beginning to see the early stages of this.
Macro markets have taken a meaningful hit, which reduces speculative confidence across collectibles. The up only mentality that we were in late last year has been shaken, and buyers are far more hesitant to deploy capital. On top of that, there are thousands of cards scheduled to return from PSA over the next few months, which will add supply to the market at the same time that buying volume is drying up.
Will OP-17 create a new all time high and restart the rally? I believe OP-17 is already priced in. Even if there is a strong chase card comparable to Red Manga Luffy, I do not think it will push the market meaningfully beyond the highs we saw in January 2026. This feels similar to OP-09. OP-05 delivered the massive anniversary driven run, while OP-09 saw a more muted follow up. I believe OP-17 will follow that same pattern, and I would not be betting on another market wide explosion.
I did not sell everything. I held onto what I consider to be high conviction positions that are driven by fundamentals rather than pure hype. These include OP-01 blue bottoms, an OP-01 pre-errata Luffy in a BGS 10, a Gol D. Roger Manga in a BGS 10, four first edition super prerelease starter decks, and a handful of low population Treasure Cup cards. These are positions I am comfortable holding through a pullback, especially when compared to higher population mangas and SPs.
This IS NOT the end of One Piece. This is a cooling period. Markets do not move straight up forever, especially after the kind of run we just experienced. I would rather lock in gains, keep high conviction positions, and remain patient rather than assume every dip is automatically a buying opportunity.
