The recent NFT market trends are quite obvious: when the floor price softens, people are not primarily concerned with how good the artwork looks, but rather "whether it can be sold off"... Once liquidity dries up, even the hottest community narratives feel like self-entertainment. Royalties are also awkward; it's not wrong to want to support creators, but when trading slows down, taking a bigger cut just discourages activity. Basically, it's a standoff between each other.

Lately, there's been a resurgence of opinions interpreting crypto price movements through "ETF capital flows + US stock risk appetite." I pay attention to that too, but when it comes to NFTs, it feels more like a mood thermometer. For me, the real signals are quite simple: after the floor price is smashed, are there people willing to buy? And after buying, can the community keep telling the story? Not just hype and chatter, but something that makes people want to spend money. Anyway, I’ll stick a stop-loss note firmly in place—don’t get too caught up.