These days, watching a few NFT floor prices feels like checking the weather forecast: a gust of hot wind blows up, then it cools down and drops quietly. Liquidity is really quite real; placing a bunch of orders doesn't mean someone will buy. When royalties are high, everyone talks about supporting creators, but their fingers still tend to slide toward "the cheaper side"... Community narratives are the same—when it's hot, everyone is telling stories; when it's cold, even Discord seems deserted.

Additionally, as soon as news breaks about increased taxes and tighter compliance in a certain region, expectations for deposits and withdrawals change, and the anxiety about "whether to keep some cash on hand" spreads to the NFT space. Clearly, nothing on the chain has changed, but the mindset shifts first.

What I’ve learned isn’t techniques, but that the floor isn’t a measure of value; it’s a snapshot of emotions and friction costs.