Recently, watching NFT liquidity really feels a bit like observing a mood thermometer: when the floor is cold, everyone is focused on "whether they can sell," and no matter how hot the narrative gets, it easily turns into self-hype. Royalties are also quite subtle; when sales are slow, people complain about the fees, but when it's hot, they say it's a lifeline for creators... Anyway, when liquidity is poor, all rules are brought up for debate.

These days, the group is again discussing staking unlocks and token unlock calendars, basically spreading anxiety about sell pressure everywhere: predictable sell-offs are the most tormenting. My approach remains the same—small positions, staggered, not following the herd to buy near the floor, first checking the trading depth and whether there are "real sellers" on the order book. For now, that's it; tonight, I’ll review the deposit and withdrawal records of a few old wallets on the chain.