These days, when looking at NFT liquidity, the more I observe, the more it seems like “floor price = sentiment thermometer.” When the market is hot, royalties can even be seen as a matter of faith; when it cools down, the first thing everyone does is look for zero-royalty markets to escape to. Honestly, it’s not that they dislike creators, but they’re afraid of being the last to hold the bag. Community narratives are also quite realistic: lively chats don’t equal deep order books. When you pull up the chart, the buy-side is as thin as paper.

The group is also discussing stablecoin regulation, reserve audits, and rumors of “de-pegging,” which makes people nervous… But what I care about more now is: when something really happens, can your NFT be exchanged for stablecoins, rather than whose story sounds more exciting.

I’ll admit, I also envy others who hit a hot project and turn their fortunes overnight, but if I think calmly, aside from luck, it still depends on liquidity and exit strategies. That’s all for now.