Lately I've been checking NFT floor prices again, and it kind of feels like watching the weather forecast: when the floor drops, the community narrative immediately starts "telling stories to extend life"; when it heats up, royalties are again considered too expensive, honestly everyone just wants liquidity but doesn't want to pay the friction costs. I'm even more awkward since I'm sensitive to gas fees; looking at mainnet listings makes me want to sneeze, so I can only try batch listing/batch canceling on L2, saving costs but the heat can't keep up.

Some people keep an eye on large on-chain transfers and hot/cold wallets of exchanges, shouting "smart money is coming" whenever there's movement, I also get itchy to look, but often it's just emotions being mistaken for signals… Anyway, ultimately liquidity depends on whether there are enough buyers to take over. A friend asked me yesterday, "Why did that avatar drop again?" I couldn't answer right away, so I could only say: narratives can ignite, but the floor is the real temperature. That's all for now.