These days, watching the floor price of NFTs feels similar to monitoring liquidation lines—looks stable normally, but once liquidity is pulled out, trading volume becomes as thin as paper, and it hits the bottom with a slight slip. Royalties are also quite awkward: too high, and buyers will go around; too low, and the community has no money to tell stories… When narratives are cold, even “consensus” feels like a temporary group chat; when hot, it all depends on attention to keep going. Recently, the wave of meme/celebrity calls has been more obvious, and as soon as emotions rise, everyone wants to rush in. Veteran players advising newcomers not to take the last step is really not just for show. Anyway, my current approach is to keep more “backups”: position backups, exit route backups, always ready to withdraw—don’t treat a single image as long-term faith.

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