[mrreality68]

Originally Posted by Jay Wolt

Buyers have to sell some of the collection....to buy more!
Recycle & repeat process

Jay in many ways you are right

or sellers are taking profit and many buyers are buying less often to get the card/grade they used to or they are buying lesser grades than what they used to because of the new norm of elevated prices.

Most collectors I know are not selling their collection to buy more but slowing down their buying as the funds now vs 2 years ago is buying less.