These days, browsing NFTs, it really feels like liquidity is just like a tide: when the floor loosens, the sell orders pile up thicker and thicker, but buying interest shrinks and stays still; royalties are even more awkward, charging high makes everyone complain about costs, charging low makes them feel the project team has no income. To put it simply, what we're buying now isn't the picture, but the attitude of "someone still willing to tell a story." On the macro side, there's also chatter about easing expectations, and when the dollar index moves, risk assets shake together; when sentiment rises, there's a burst of enthusiasm, but once the sentiment fades, even community narratives can't keep warm… I personally focus on transaction and deposit/withdrawal, don’t get carried away by the hype, just keep it like this for now.