These past few days, watching the NFT floor prices, it feels like watching a pool of water slowly evaporate: the listings are still there, but there aren't many actual transactions. When liquidity cools down, royalties become more like an "emotion tax." Everyone claims to support creators, but in practice, the market with zero royalties is the fastest to run... But it's also quite realistic, after all, no one wants to be the bag holder. Turning to the macro side, they're talking about interest rate cut expectations, the US dollar index, and risk assets acting up together. When that happens, the NFT narrative heats up quickly and cools down just as fast. The most lively communities are the easiest to get carried away. I've also told myself not to be impulsive, but then I saw an old series suddenly being called back, and I almost slipped and clicked confirm. Forget it, I'll put my hand back in my pocket for now.