Last night, I was flipping NFT projects and got a bit tired: the floor looks okay, but the order book is so thin it’s like paper, and when you actually try to sell, you realize liquidity doesn’t play favorites. Royalties are also quite awkward; when prices are high, everyone avoids it, and when prices are low, the community says you don’t respect the creators… When the narrative is hot, everything can be explained; when it cools down, all that’s left is the silence of “who will take over the position.”

By the way, I checked the funding rate, extreme levels, and the group is arguing whether it’s a reversal or just more bubble squeezing. I’m becoming a bit sensitive to this atmosphere; the more they argue, the more I want to follow the rules.

Once, I really couldn’t understand a new series; the story was full of hype, and the floor was pushed up aggressively. I was about to hit the buy button with my hand, but in the end, I put my phone down: if I don’t understand, I won’t act. Later, it drained liquidity first and then crashed down; I wasn’t that smart either, just trying to avoid taking a bigger hit. Today’s reflection: not acting is also a form of discipline.